Transferring out of the old scheme
Update for members who chose to switch to the new scheme
All valid transfer requests received on or before 16 February by the old scheme will be paid on the basis of the original quotation even though payment is being made after 28 March 2018 by the new scheme.
Because transfer requests received before 16 February were addressed to the old scheme and your payment is now being made by the new scheme, we are required to write to you confirming that you still wish to continue with your transfer. This is a technical requirement and will not impact on your transfer value which will continue to reflect your original quotation.
Confirmation letters will be issued during the week commencing 2 April and will include a first-class pre-paid envelope for affected members to reply.
Transfer requests received after 16 February by the old scheme will not be paid by the new scheme, but most members affected by this will be able to apply for a new transfer quotation from the new scheme.
Update for members who have not chosen to switch to the new scheme
The Glasgow Pensions Office is no longer able to deal with enquiries from members who have not chosen to switch to the new scheme.
Members of the Old British Steel Pension Scheme can find further information here.