Reviewing Exiting Plans

old couplePrevious Paid Up or Preserved Pensions

Regularly we find that these "frozen" plans are laid aside in the hope that all will be well at retirement - however regular reviews of these plans are recommended. Pension legislation has changed frequently over the past decade so it may be that these "inactive" plans could be either performing better or switched into a more suitable plan with much lower charges. There may also be the facility to transfer previous pensions into your employers' scheme.

As with all areas of retirement planning, especially transferring existing pension funds, independent advice should be taken as some pension transactions will be irreversible.

Most railway companies do not allow the transfer of previous pensions into their pension scheme with the exception of preserved pensions, (which are connected to the railway pension scheme). We are contacted regularly by employees seeking the best advice regarding their pension funds. 

Therefore if you're in the position of having paid up or preserved plans, please contact us.


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OnTrack Financial Planning Ltd. is authorised and regulated by the Financial Conduct Authority FCA Firm Number: 566312
Registered in Scotland, Registered No.SC406825, Registered Address: 6 Wallace Brae Grove, Reddingmuirhead, Falkirk, FK2 0FF.