Over longer periods of time (five years or more), investments such as stocks, shares and funds have the potential to give you higher returns compared to cash savings. But the value of investments can fall as well as rise. Eligibility criteria, fees and charges apply.
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Investment guide
How to transfer your pension to NatWest Invest
What you need to know
Thinking about transferring your pension? With 1 in 4 people in the UK holding multiple pension pots (Pensions Policy Institute, 2025), bringing them together could help you take more control of your savings for retirement.
This page will walk you through how pension transfers work, the benefits of combining your pots, how to find any old pensions you might have lost track of — and what to think about before you make a move.
Why you might want to transfer a pension
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1. Everything’s in one place
One provider, one balance, one login.
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2. Less admin
No more chasing up different statements or dealing with several customer service teams.
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3. Simpler planning
You could make decisions about your investments or retirement age without juggling multiple accounts.
Finding your old or lost pensions
If you’ve had a few jobs, it’s easy to lose track of your pensions. The good news is, the UK Government has a free tool to help you find them. You can use the Pension Tracing Service to search for old workplace or personal pensions by using your employer or provider name.
If you’d like some extra help, our step-by-step guide to tracing lost pensions can walk you through how to track them down.
Is transferring your pension right for you?
It’s important to take your time before transferring your pension and to review what is the best option for you. Here are a few things to know and consider before transferring:
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The information on this page does not constitute personal advice.
Check for exit fees
Contact your current pension provider to see if you could face exit fees for transferring out your pension.
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Loss of benefits
Make sure you wouldn’t lose any valuable benefits such as guaranteed annuity rates, a lower protected pension age, or existing workplace contributions, for example.
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Compare fees
With NatWest Invest, the most you’ll pay is 0.55% of your investments per year. Check what fees your current provider offers and what this means for your plans.
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Get advice
We promote cash rewards at various times. Please take the time to decide whether transferring your existing products to NatWest Invest is right for you. Transferring a pension could be risky if you’re not sure whether you will lose any benefits. You might want to consider speaking to a financial advisor before transferring a pension.
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How your pension is transferred
For your pension to be moved to us, it will first need to be transferred to cash by your current provider so we can reinvest it into one of our funds. This means that the value of your pension will not go up or down with market changes for a short period as we complete the transfer.
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How to transfer your pension?
Once you’ve got all the details of your pensions, transferring is usually straightforward. Here’s how it works:
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1. Get your current details together
Note down the provider’s name, policy number, and current value for each pension. Check fees, investment choices, and any guarantees before you move.
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2. Start the transfer
If you decide to transfer to NatWest Invest, we’ll contact your old provider and handle the process for you.
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3. We’ll take care of the rest
We’ll begin the transfer and once the transfer's complete we’ll let you know. Sometimes your existing provider may ask for a bit of extra paperwork to complete the transfer, if this happens, we’ll let you know.
How to find old pensions
In this guide, we’ll explore how to locate old pensions, consolidate them, and make tracking easier in the future.
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Avoiding pension scams
Follow our top five tips to stay safe: Stay calm: if you get calls offering early access to your pension, don't feel rushed or pressured to respond.
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Should you combine your pensions?
You could bring your pensions together pretty easily, making them more straightforward to manage while potentially saving you money.
Exit fees may apply.
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Five ways to get retirement ready
Whether retirement seems a long way off or just around the corner, it makes sense to spend some time thinking about what kind of future you want.
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Your investments are protected
Eligible investments with us are protected up to a total of £85,000 by The Financial Services Compensation Scheme (FSCS). This means if NatWest were to cease trading, your money is protected.
This doesn’t include losses made as a result of investing.