Merge Pensions

Basically you need to know what the final benefits would be from each scheme and compare these with what a transfer into the new scheme would provide. You have to ask the old schemes for a transfer value and the new scheme for a statement of benefits that would be bought with those values.

Rob Graham

recently

Should

Probably not then. A transfer into your final salary scheme would exchange a cash sum (even in 1. I guess) for a number of years/months. This will be calculated based on assumptions about future earnings increases etc.

If you leave a final salary scheme early you usually get a deferred pension which only increases in line with inflation, and often capped (eg RPI or 3% if RPI is more), rather than increasing with your earnings.

So the assumptions they make when converting the cash sum into years & months (perhaps that you stay till 60 and get rises at inflation plus

The only way to tell is to ask them for a transfer quote and do some heavy calculating based on a number of different potential scenarios.