It is widely agreed that pensions have been in existence in the UK since 1908. As you would expect, pensions have changed considerably in the last 100 years, and as such it is important to understand exactly what type of pension scheme you hold, and whether it can be transferred into a Wealthsimple SIPP.
We accept the transfer of pretty much all personal and workplace defined contribution pension schemes. This really encompasses most schemes which are being contributed into in the present day.
The only caveat to this rule is that we do not accept the transfer of schemes which have already been withdrawn from, and also particular care needs to be taken when a pension with "safeguarded benefits" is considered.
It is also important to note that regarding the transfer of any "defined-benefit" or "final salary" pensions, a financial adviser must have approved the transfer in writing, before we can begin progressing the transfer.
If you have any questions at all about this, please do drop us an email on email@example.com, and we will be in contact in one business day!