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Teach your old pension new tricks

Transfer and give it a chance to grow

Important - The value of investments can fall as well as rise, so you could get back less than you invest, especially over the short term. The information shown is not personal advice, if you are unsure of the suitability of an investment for your circumstances please contact us for personal advice. Once held in a SIPP money is not usually accessible until age 55 (rising to 57 in 2028). Tax rules change and benefits depend on individual circumstances. If you’re thinking about transferring, please check you won't lose valuable guarantees or benefits or have to pay excessive exit fees.

Henry Irving
SIPP Account Manager

We often talk about ‘our pension’ as if it’s one account or investment. But the reality can be very different. Many of us will have several different jobs throughout our working lives and each one is likely to come with a different pension pot attached.

It can be easy to leave these pots behind or forget about them altogether. It happens a lot. The size of the UK’s lost pension mountain is thought to be a staggering £20 billion.

But don’t leave it too late. All you need is the name of your old company, or the name of the pension provider if you know it, and the government’s Pension Tracing Service can help with the rest.

Find your lost pension

Is your pension behaving itself?

Tracking down your lost pension is only the first step. If your investments haven’t performed well, there’s still time to turn things around. Improved investment performance can make all the difference to the size of your pension. And it doesn’t take long either, just take a look at the graph below. Investment returns aren’t guaranteed. They rise and fall in value, so you could get back less than you invest.

The difference improved investment performance can make

Scroll across to see the full chart.

With everything in one place, you can see where your pension is invested, how much it’s worth, and make changes if you need to. Why not get ahead of the game and give your old pensions a new home?

Before transferring, check if there are exit fees and make sure you won’t lose any valuable benefits or guarantees. Pensions are usually transferred as cash, so you won’t be affected by any market rises or falls for a period.

Find out more about the HL SIPP

More on transferring

The HL SIPP

Transfer old pensions to the HL SIPP and have:

  • Everything in one place – keep your pension in your pocket with online access and our award-winning app.
  • Less paperwork – one website, one log-in, one phone number. Simple.
  • The potential for greater returns – traditional pensions can restrict you to a handful of investments. SIPPs give you more choice, and the better the investments you choose, the bigger your pension pot when you retire.
  • The chance to access your pension how you want to – Some providers don’t offer all the options for accessing your pension. We offer all the main options: drawdown, lump sums and annuities.

More about the HL SIPP

Remember investments can fall as well as rise in value, so you could get back less than you put in. SIPPs are a type of pension for people happy to make their own investment decisions, should you be unsure please seek personal advice.

How to transfer


Next – Fund ideas

Kate Marshall
Senior Investment Analyst

Looking for investment inspiration?

Picking the right investments for you could help you reach retirement sooner. We’ve chosen three SIPP funds we think offer excellent long-term growth potential.

Remember you should choose investments based on your own preferences and research. Take advice if you’re not sure something is suitable for your circumstances. Please read the key information and fund factsheets, including charges, of any investment before making your decisions. Also remember investments can go up as well as down in value, so you could get back less than you put in.

Rathbone Global Opportunities

James Thomson aims to invest in a selection of great companies from across the globe for this fund. He often looks for companies shunned by others, but where he sees big advantages over their competition and the potential for growth over the long run.

Most of those are in developed markets, such as the US, the UK and Europe, and he doesn’t invest much in higher-risk emerging markets. The bulk of the fund invests in large companies, though it also invests in some medium-sized and higher-risk smaller businesses that could grow into larger ones in future.

We like the fact Thomson views the world a little differently and invests the fund to reflect this. It’s helped him beat the return of the broader global market over the long run. Past performance is not an indication of how a fund will behave in future. As with any truly active fund manager though, there will also be times when he doesn’t do so well.

Remember investments can fall and rise in value so you may not get back what you invest.

Rathbone Global Opportunities - performance under James Thomson

Scroll across to see the full chart.

Past performance is not a guide to the future. Source: Lipper IM to 31/07/2019

Annual percentage growth
July 2014 -
July 2015
July 2015 -
July 2016
July 2016 -
July 2017
July 2017 -
July 2018
July 2018 -
July 2019
Rathbone Global Opportunities 23.2% 14.5% 18.4% 17.9% 13.4%
FTSE World 12.3% 18% 18.2% 12.4% 11.0%

Past performance is not a guide to future to future returns. Source: Lipper IM to 31/07/2019.

Key investor info

Find out more, including charges

Rathbone Global Opportunities


Rathbone Global Opportunities

Fund factsheet

Kate Marshall
Senior Investment Analyst

Schroder Small Cap Discovery

We think most long-term portfolios should have some exposure to Asian and emerging markets. They have contributed a lot to global growth and could benefit from rising wealth and consumer spending.

This fund invests in innovative smaller companies that are based in these areas, or make most of their money there. They could be the giants of tomorrow, and tend to be under-researched and overlooked by most investors. It gives experienced fund managers the chance to scour the market to find some hidden gems.

We think the fund offers a great opportunity for patient investors who can accept the additional risks of investing in emerging markets and smaller companies.

You can see how the fund’s performed since launch in 2012 in the graph below.

Remember past performance isn’t a guide to the future and investments can go up as well as down in value, so you could get back less than you put in.

Schroder Small Cap Discovery - performance since launch

Scroll across to see the full chart.

Past performance is not a guide to the future. Source: Lipper IM to 31/07/2019.

Annual percentage growth
July 2014 -
July 2015
July 2015 -
July 2016
July 2016 -
July 2017
July 2017 -
July 2018
July 2018 -
July 2019
Schroder Small Cap Discovery (Class Z) 2.7% 14.6% 15.3% -0.1% -0.9%
FTSE Emerging -3.1% 16.8% 22.4% 5.7% 7.7%

Past performance is not a guide to future to future returns. Source: Lipper IM to 31/07/2019.

Key investor info

Find out more, including charges

Schroder Small Cap Discovery


Schroder Small Cap Discovery

Fund factsheet

Kate Marshall
Senior Investment Analyst

AXA WF Framlington UK

The UK is home to some great companies, which we think can do well and make money no matter what’s going on in the economy.

Chris St John is one of our favourite managers for investing in our home market. He’s got a great track record and is passionate about finding companies he thinks have the best chance of success.

He invests in companies of all sizes, so he can cherry-pick the best opportunities wherever they are. This flexible approach means he can invest in higher-risk smaller businesses with great potential and hold on to them if they grow into larger companies.

We think this fund’s a great way to get exposure to home-grown talent. We have faith in the manager’s ability to invest in some of the UK’s best-performing companies for long-term growth.

Please note this is an offshore fund so investors will not normally be entitled to compensation under the UK Financial Services Compensation Scheme (FSCS).

Chris St John - career track record

Scroll across to see the full chart.

Past performance is not a guide to the future. Source: Lipper IM to 31/07/2019

Annual percentage growth
July 2014 -
July 2015
July 2015 -
July 2016
July 2016 -
July 2017
July 2017 -
July 2018
July 2018 -
July 2019
AXA WF Framlington UK* N/A N/A 21.3% 6.6% 4.7%
FTSE All-Share 5.4% 3.8% 14.9% 9.2% 1.3%

Past performance is not a guide to future to future returns. Source: Lipper IM to 31/07/2019.

*The fund launched in 2016 so full 5 year performance figures are not available.

Key Investor Information

Find out more, including charges

AXA WF Framlington UK


Want more investment ideas?

Have a look at our Wealth 50, a larger selection of our favourite funds carefully selected by our experts.

Show me the funds

AXA WF Framlington UK

Fund factsheet