We’ve seen an unusual increase in requests for members to transfer their benefits out of the Scheme from a small number of independent financial adviser (IFA) firms.
While we investigate the situation, in line with guidance from The Pensions Regulator, we’ve moved transfer requests to an amber flag.
It means the Scheme administrator, Equiniti (EQ), will let you know that you’ll need to attend a free, mandatory ‘pension safeguarding’ appointment with MoneyHelper before your transfer request can proceed.