If you’ve been a member for less than 30 days, and you complete a valid opt-out form, you’ll be entitled to a return of your contributions (less tax) without any impact of charges or investments. It’ll be as if you never joined the Plan.

You can either:

Transfer the total value of your pension fund, including the contributions made by Emerson, to another registered pension scheme.

Or

Keep your pension fund in the Plan where it’ll continue to be invested in the funds you choose. You’ll become a deferred member and, when you retire, you can use money to purchase the benefits appropriate for you. As a deferred member you’ll still be able to change your investment options. There will still be the choice of transferring out at a later date if you wish.

You need to contact the Plan Administrator(s), who will be able to let you know the cash value of your pension fund if you wish to go ahead with the transfer. You should remember that transferring your pension may not necessarily be in your best interests – so you should consider taking independent financial advice. You can find an adviser in your area by visiting register.fca.org.uk