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The Government is keen to see an increased take up of Pension Wise guidance as evidence shows that individuals who have received the guidance felt that it helped them understand their pension options better and that they learnt something new from using the service.

Pension Wise, which is part of the Money and Pensions Service (MaPS), provides free, impartial guidance to help individuals, aged 50 and over with money purchase benefits, understand the options available to them. 

As a result, the Trustee is required by law to refer members with money purchase benefits to guidance from Pension Wise when the member asks to either transfer their benefits out of the Plan or to start taking their benefits from the Plan. This applies to members who have a pension pot in the Money Purchase 2003 Section or the Auto Enrolment Section, and also to members of the defined benefit sections with Additional Voluntary Contributions (AVCs)

There are some exceptions, but where we are required to refer you for guidance, you cannot transfer or take your benefits until you have either obtained or opted-out of receiving the guidance.

Complete the Guidance confirmation form.


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