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

I would like to transfer my scheme to you – is that a good idea?

What if I want to increase my percentage investment in shares right now because I find that the share prices are historically low?

I have already asked you to transfer my pension scheme from a company which has now introduced a charge on policy transfers and surrenders. What happens next?

When will the companies remove the charge on policy transfers and surrenders again?

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?

How do I know if the scheme I want to transfer to you is covered by a charge on policy transfers and surrenders?

Can I transfer my future contributions and leave my savings with my current company?

Can I transfer the scheme I have with you?

Charge on policy transfers and surrenders

What if I want to increase my percentage investment in shares right now because I find that the share prices are historically low?

It is possible to pay the charge on policy transfers and surrenders to pull out of a Gennemsnitsrente pension scheme with your current company and transfer the money to a unit-linked pension product in Velliv if you believe that this is attractive seen from a long-term perspective.