Over longer periods of time (five years or more), investments such as stocks, shares and funds have the potential to give you higher returns compared to cash savings. But the value of investments can fall as well as rise. Eligibility criteria, fees and charges apply.
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Investment guide
How to transfer your pension to Royal Bank Invest
What you need to know
Thinking about transferring your pension? With 1 in 4 people in the UK holding multiple pension pots (Source: Pensions Policy Institute, 2025), bringing them together could help you take more control of your savings for retirement.
This page will walk you through how pension transfers work, the benefits of combining your pots, how to find any old pensions you might have lost track of — and what to think about before you make a move.
Why you might want to transfer a pension
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1. Everything’s in one place
One provider, one balance, one login.
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2. Less admin
No more chasing up different statements or dealing with several customer service teams.
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3. Simpler planning
You could make decisions about your investments or retirement age without juggling multiple accounts.
Finding your old or lost pensions
If you’ve had a few jobs, it’s easy to lose track of your pensions. The good news is, the UK Government has a free tool to help you find them.
You can use the Pension Tracing Service to search for old workplace or personal pensions by using your employer or provider name.
If you’d like some extra help, our step-by-step guide to tracing lost pensions can walk you through how to track them down.
Do any of your existing plans have guarantees or special benefits? For example, guaranteed annuity rates or protected tax-free cash. If so, these could be lost on transfer.
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What are the charges of your existing plans? It’s worth comparing these.
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Will there be any exit charges on transferring away from your existing plan?
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How to transfer your pension?
Once you’ve got all the details of your pensions, transferring is usually straightforward. Here’s how it works:
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1. Get your current details together
Note down the provider’s name, policy number, and current value for each pension. Check fees, investment choices, and any guarantees before you move.
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2. Start the transfer
If you decide to transfer to Royal Bank Invest, we’ll contact your old provider and handle the process for you.
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3. We’ll take care of the rest
We’ll begin the transfer and once the transfer's complete we’ll let you know. Sometimes your existing provider may ask for a bit of extra paperwork to complete the transfer, if this happens, we’ll let you know.
How to find old pensions
In this guide, we’ll explore how to locate old pensions, consolidate them, and make tracking easier in the future.
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Avoiding pension scams
A quick guide to spotting pension scams - learn how to stay calm, avoid pressure, trust your instincts and check if an offer or caller is genuine before making any decisions.
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Should you combine your pensions?
You could bring your pensions together pretty easily, making them more straightforward to manage while potentially saving you money.
Exit fees may apply.
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Five ways to get retirement ready
Whether retirement seems a long way off or just around the corner, it makes sense to spend some time thinking about what kind of future you want.
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Your investments are protected
Eligible investments with us are protected up to a total of £85,000 by The Financial Services Compensation Scheme (FSCS). This means if Royal Bank of Scotland were to cease trading, your money is protected.
This doesn’t include losses made as a result of investing.