Transferring from other DB pension plans

Transferring from the DB Personal Pension Plan

DB Group Services (UK) Limited set up the DB Flexible Retirement Plan for regular contributions for employees over the age of 25. Those employees who were previously eligible to join the DB Personal Pension Plan will have their personal contributions, paid by DB Group Services (UK) Limited, redirected to the new DB Flexible Retirement Plan from the age of 25. Contributions already paid to the DB Personal Pension Plan will continue to be held and administered in the DB Personal Pension Plan. However, you have the option to transfer these funds to the new DB Flexible Retirement Plan.

You can transfer the amount you have built up in your DB Personal Pension Plan to the the DB Flexible Retirement Plan.

We strongly recommend that you seek financial advice before deciding whether or not you wish to transfer.

If you decide to transfer, you can do this one of two ways:

For further information, please contact Standard Life.

Transferring from the DB Stakeholder Pension Plan

DB Group Services (UK) Limited set up the DB Flexible Retirement Plan (DB GFRP) to replace the DB Stakeholder Pension Plan for regular contributions.

With effect from 15 April 2007, if you were eligible to join the DB GFRP, personal contributions paid by DB Group Services (UK) Limited on your behalf under the DB Stakeholder Pension Plan were redirected to the DB GFRP.

Contributions to the DB Stakeholder Pension Plan (including any contributions made up to and including March 2007) will continue to be invested in the DB Stakeholder Pension Plan. However, you have the option to transfer these funds to the DB GFRP.

You can transfer the amount you have built up in your DB Stakeholder Pension Plan to the DB GFRP.

Please note that your pension savings in the DB Stakeholder Pension Plan are now subject to higher charges. You should consider if the transfer option is right for you.

If you’re not sure if transferring is appropriate for you, you should seek financial advice.

If you decide to transfer, you can do this one of two ways:

For further information, please contact Standard Life.