Moving pension to new employer

Moving Your Pension to New Employer

Under the Secondary Pensions law, all Guernsey and Alderney employers will be required to provide access to a suitable pension plan for their employees. This means that should you move from one company to another on-island, you can move your pension account value too.

You will need to ask your new employer who provides their pension. If they use YIP, then it’s easy! Contact and the relevant forms can be provided. If it is not YIP, then you will need to get the appropriate transfer forms and requirements from your new employer or their pension provider and complete a transfer-out form from YIP.