If you wish to investigate the possibility of transferring your pension rights to another arrangement otherthan a Local Government Pension Fund within England and Wales, you will need to;
- Complete the Confirmation of Request for a Cash Equivalent Transfer Value and return it directly to either Cambridgeshire Pensions Service or Northamptonshire Pensions Service, depending on which Fund your benefits are held under.
For further information please read FAQs -Transferring your pension rights to another pension arrangement
Freedom and Choice
From 6 April 2015 members of certain pension schemes will have more freedom over how to take the money from their pension.
This flexibility does not apply to a Defined Benefit scheme such as the Local Government Pension Scheme (LGPS), and will therefore not have a direct impact on your LGPS benefits.
However, it may affect you if you are not already in receipt of your LGPS benefits and are considering transferring them to a Defined Contribution scheme when, for example, you may need to obtain approved independent financial advice before transferring.
Should you wish to read more about how transferring to a Defined Contribution scheme may affect you please read the Q and A for members transferring from the LGPS to a Defined Contribution scheme .