What happens to my pension if I change jobs?
If you change jobs, your pension with Scottish Widows will remain intact. You have several options available to you regarding your pension. You can choose to leave it invested with Scottish Widows and continue to contribute to it. Alternatively, you may decide to transfer your pension to your new employer's scheme, if they offer one. Another option is to transfer your pension to a personal pension plan, which will allow you to continue building your retirement fund independently. Consultation with a financial advisor can help you make the best decision based on your individual circumstances. Scottish Widows has a dedicated team to assist you throughout the process and ensure seamless management of your pension when changing jobs.
Answered May 3, 2024
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