With the UK Treasury’s proposed 31st March 2015 deadline looming, many former public sector employees are already scrambling to get their pension transfer underway. However, there is now another issue of which ex-NHS workers should be aware. In the last few weeks, the administrators of the NHS Scheme have informed GBPensions that they have updated their processes – which means that recent transfer applicants may need to file new paperwork.
GBPensions’ director Tony Chamberlain explains more. “If you’ve signed the Letter of Authority for your pension transfer in the last few weeks, then you should contact your adviser and request a new version of form TV27, as a signature is now required to confirm that you have read the administrators’ booklet.”