If you change jobs, your pension may change as well. Not if you stay with the same employer, but it will if you start working elsewhere, for example, at another bank. In that case, you will be subject to a different pension plan. You can choose to transfer your pension to that plan. Or conversely, transfer it from another bank to ours, keeping everything clearly together in one place.
Is that advisable? That depends on the terms and conditions and the financial position of both pension funds. Therefore, always make sure to seek proper advice. And also make use of this pension comparison tool.
Please note: The transfer of your pension is (temporarily) not possible if the one fund is already applying the new pension rules while the other fund is not yet doing so.
