Illustrative transfer values now available on the Portal

We are pleased to announce that from 16 August 2024 you can view your illustrative ‘transfer value’ figure on the Member Portal. As a reminder, a transfer value is the value of your accrued benefits in the Scheme that you are able to transfer to another pension scheme or personal pension arrangement should you wish to do so.

The illustrative transfer value will be updated on a monthly basis and can be found by selecting the ‘Benefit Quotation’ tile from the home page, or from the ‘Do’ menu drop down.

The values shown are indicative only. If you are interested in receiving a formal transfer value quote please contact the Scheme administrator (Gallagher) by emailing Tyco.Pensions@buck.com or by calling the Scheme helpline on 0330 123 9579.

Further information about transfer values

For information about taking a transfer value, including the requirement to consult a financial adviser regulated by the Financial Conduct Authority, we would recommend that you visit the Government’s MoneyHelper site.