You may have collected several pension pots, ISAs or general investment accounts (GIAs) over time that can be hard to keep track of and manage. Transferring your investments and consolidating your investment portfolio in one place could be beneficial for you and your financial adviser, if you have one, and help manage them more efficiently.

There are lots of reasons to transfer:

  • You'll have a consolidated view of your investments - all on one statement.
  • Access to online portfolio valuations.
  • View and track performance of your investments and make changes to your portfolio if you need to.
  • Switch between different funds.
  • Access portfolio planning and analysis tools.

Things to think about before you make a decision

Pensions

Transferring or consolidating a pension may not be the best option for you. You may lose features, protections, guarantees or other benefits — so make sure you compare products before transferring or consolidating. It's up to you to decide if this is the right decision for you. If you're not sure, speak to a financial adviser — there may be a charge for this.

It's important to remember the value of your consolidated pension pot can still fall as well as rise and the final value of your pension pot when you come to take benefits may be less than has been paid in.

Any new funds you move your money into will have their own set of risks that will be detailed in the fund information available to you.

You should be comfortable with decisions you're making, including any potential impact they have on your investment strategy. If you're unsure, you should speak to your financial adviser. If you don't have a financial adviser, you can visit MoneyHelper to find the right one for you.

ISAs

Transferring ISAs may not be the best option for you. It's up to you to decide if this is the right decision for you ‐ so make sure you compare products before transferring. If you're not sure, speak to a financial adviser ‐ there may be a charge for this. It's important to remember the value of your consolidated stocks and shares ISA can still fall as well as rise and you may get back less than you invest. So although our stocks and shares ISA has no fixed term, you should be prepared to remain invested for at least five years ‐ ideally longer. Any new funds you move your money into will have their own set of risks that will be detailed in the fund information available to you.

Alternatively, the transfer could be from a cash ISA to our stocks and shares ISA. In this scenario, you need to be aware that you're transferring between two very different products. In a cash ISA your money is held on deposit, but in a stocks and shares ISA the value can fall as well as rise and you may get back less than you invest.

Any new funds you move your money into will have their own set of risks that will be detailed in the fund information that will be available to you.

GIAs

Transferring GIAs may not be the best option for you. It's up to you to decide if this is the right decision for you ‐ so make sure you compare products before transferring. If you're not sure, speak to a financial adviser ‐ there may be a charge for this. Although the investment has no fixed term, you should be prepared to hold the investment for at least five years, ideally longer. It's important to remember the value of your consolidated GIA can still fall as well as rise and you may get back less than you invest. Any new funds you move your money into will have their own set of risks that will be detailed in the fund information available to you.

Guide to transfers

Transferring an ISA

Re-registration

Re-registration lets you move the administration of your investment in a fund(s) from one provider to another without the need to sell your fund(s). This allows you to avoid any fund charges that may apply if you sell and buy new funds. You'll remain invested in the market so you may gain or lose from any movement in the market.

It's important to remember that the value of your investment can still fall as well as rise and you may get back less than you invest.

To be able to re-register funds to us, the funds and share classes have to be available on our platform.  If they aren’t, and you still want to move your investment(s) to us, you can transfer to a new fund(s).

We’re not able to accept the re-registration of commission-included share classes. If you want to transfer monies invested in commission-included share classes, you’ll need to sell those investments and transfer the proceeds as cash. Or convert the commission-included share classes into a commission-free share class before re-registration.

Your financial adviser, if you have one, will be able to help you re-register funds.

Cash transfer

If you want to invest in different funds than you’re currently invested in, or the funds you’re currently invested in aren’t available to re-register onto our platform, you can transfer your existing ISA to us as cash. We'll invest any ISA you transfer to us into a stocks and shares ISA. If you transfer you’ll be out of the market while the transfer takes place. You won’t benefit from any potential returns whilst a transfer is pending.

Your current ISA manager will sell your investment and transfer the resulting value to us to invest.  Your financial adviser, if you have one, should be able to do this for you.

Can I transfer all my ISAs?

You can transfer any existing ISAs you hold with another company to us. We’ll invest any ISA you transfer to us into a stocks and shares ISA.

You can choose to transfer some or all of your savings from previous years but if you want to transfer any current year savings, you'll have to transfer the full current year amount as we don't support the partial transfer of current year subscriptions. Transferring doesn't affect your annual ISA allowance. You can transfer as many ISAs as you want to Aegon.

If you're transferring from a flexible ISA, please be aware that you'll lose the ability to replace any withdrawals made before the transfer. To not lose that ability, you'll need to repay the amount withdrawn before transferring to Aegon.

Will transferring affect this year’s ISA allowance, and do you lose the tax benefits when you transfer it?

Transferring won’t affect this year's ISA allowance, or the tax benefits.

Are there any fees for transferring?

We don’t charge a transfer fee for transferring to or away from us, but other providers might.

Can I transfer my ISA to another provider?

You can transfer into other ISA products with another provider. Depending on your instruction and the funds available through your new ISA manager, we can either re-register your existing investment to them, or sell the funds held within your investment with us and transfer the cash value to them. 

Transferring a GIA

You can transfer funds held in a GIA with another provider to us. If the funds you currently hold are available through us, you can re-register them as explained in the Re-registration section in Transferring an ISA.

If your existing funds aren’t available through us you’d need to sell that investment and use the value to invest with us. If you transfer you’ll be out of the market while the transfer takes place. You won’t benefit from any potential returns whilst a transfer is pending.

Your existing provider may charge an exit fee.

You can also transfer between products by moving funds from your GIA to an existing ISA or to a new ISA with ourselves. This offers the option to maximise your tax-free ISA allowance if you haven't already reached your contribution limit.

Can I transfer to another provider?

You can transfer funds held with us to another provider and re-register funds if the new provider offers the same funds. You should check with the provider you’re planning to move to on what funds they have available for you.

Transferring a pension

We’ll accept transfers from a range of pension plans, including personal pensions and some workplace schemes.

Transfers from defined benefit (such as final salary) schemes are only allowed if they’re carried out by an appropriately qualified financial adviser and they recommended that you transfer the policy.

Can I transfer to another provider?

You can transfer the value of your plan to another registered pension scheme or in certain circumstances to an overseas scheme at any time.