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What happens with my transfer request?

 You are able to transfer funds from other pension schemes into the Liberty SIPP. This can be done as part of the application or once the Liberty SIPP has been established. Each time you apply to transfer an existing pension into the Liberty SIPP, you have a right to cancel the transfer. Each transfer can be cancelled separately up to 30 days after Liberty SIPP have received a signed transfer discharge form or signed letter of authority and a notice of this right will be sent to you separately. Liberty SIPP will request transfers immediately on your instructions and so if funds are received into the SIPP and you then choose to cancel the transfer before the 30 days have expired we will attempt to return the funds. We cannot guarantee that the transferring scheme will be able to accept the funds back and so if this is the case we will allow you to transfer out free of charge.

When we receive your instructions, we will ask the existing scheme or insurance company for details of the benefits and any paperwork they need completing to process the transfer. You may have to sign this paperwork and if so it must be returned to us and not direct to the transferring scheme. If the transfer can be completed on the Origo Options Service and we have your authority to do so we will complete the transfer using this method and it is unlikely that you will have to sign any further paperwork. Please note that the time taken to obtain the paperwork from the transferring scheme and for the money to be transferred to EBS Pensions Ltd can vary from a couple of weeks to several months depending on the nature and sometimes the attitude of the transferring arrangement. EBS Pensions Ltd will do its upmost to speed up this process.

 

Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment. We do not offer advice about the suitability of our products or any investments held within them. Should you require financial advice you should consult a suitably qualified financial adviser

 

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