Transferring a drawdown pension
Can I transfer my drawdown pension to HL?
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Finding the best drawdown provider to meet your needs can be tricky. The standard of service, charges and account features can vary dramatically. It can help to talk things through.
During your telephone appointment you will get answers to your questions, but you won’t get personal advice on what’s right for your circumstances. We’ll talk through what’s involved with a pension drawdown-to-drawdown transfer. And explain more about our service to see if the HL drawdown pension could match your needs:
- Drawdown investment options & strategies to consider
- How HL charges work
- How to do a stock or cash pension transfer
- Withdrawal options and how to place sales
- How to get personal advice (if you think you need it)
- How to monitor your account online or through the HL mobile app
Important information – Before you apply to transfer, first check for exit fees and that you won’t lose any valuable guarantees or benefits. During the transfer you’ll be unable to buy or sell investments until the transfer is complete. If you transfer as cash, you’ll miss the impact of any market rises or falls. Seek advice if you’re not sure about the suitability of transferring or whether an investment or option is right for you. Investments can go down as well as up in value, so you may get back less than you invest.