DP Pensions Ltd


You can transfer benefits from other registered pension schemes into your pension scheme.

The need for financial advice

As a general rule, the decision to transfer from one pension scheme to another involves some complex factors and you should take financial advice before proceeding.

However, there are some pension schemes that we will not accept transfers from even if you were to receive financial advice. This is because the scheme includes safeguarded benefits. Examples of safeguarded benefits include but are not limited to, defined benefit schemes, guaranteed pensions including Guaranteed Annuity Rates (GAR’s) and Guaranteed Minimum Pensions (GMPs).

In specie transfers

Most transfers from other registered pension schemes will be as cash. However, it is also possible to transfer assets ‘in specie’ into your scheme. An example would be if you have a SIPP which owns a property and you decide to transfer to another SIPP provider, then rather than selling the property you would transfer it in specie to the new SIPP.

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