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Charge on policy transfers and surrenders

Charge on policy transfers and surrenders means that customers who decide to terminate or transfer their pension scheme (including in connection with a change of job) must pay a certain percentage of their savings. The charge on policy transfers and surrenders only applies to pension schemes established as Gennemsnitsrente pension products. If you terminate or transfer your Gennemsnitsrente pension scheme, you have to pay a charge on policy transfers and surrenders so that the remaining customers do not have to pay your share of the bill for the loss suffered by the company on customers’ savings.

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Charge on policy transfers and surrenders

Charge on policy transfers and surrenders means that customers who decide to terminate or transfer their pension scheme (including in connection with a change of job) must pay a certain percentage of their savings. The charge on policy transfers and surrenders only applies to pension schemes established as Gennemsnitsrente pension products. If you terminate or transfer your Gennemsnitsrente pension scheme, you have to pay a charge on policy transfers and surrenders so that the remaining customers do not have to pay your share of the bill for the loss suffered by the company on customers’ savings.

Charge on policy transfers and surrenders

If I transfer my pension scheme covered by the charge on policy transfers and surrenders, have I then lost the reduction in my savings forever or will I get it back later?

Yes, you will lose the amount which your current company charges on policy transfers and surrenders if you transfer the pension scheme. However, remember that you can leave your current savings until the charge on policy transfers and surrenders is removed again and only transfer your future contributions.