pension transfer
a transaction resulting from a decision made, with or without advice from a firm, by a customer who is an individual, to transfer deferred benefits from:
- (a) an occupational pension scheme; or
- (b) an individual pension contract providing fixed or guaranteed benefits that replaced similar benefits under a defined benefits pension scheme; or
- (c)(in COB 6.7 (Cancellation and withdrawal) a stakeholder pension scheme or a personal pension scheme 5 7 )
to a stakeholder pension scheme or to a personal pension scheme (including a self-invested personal pension scheme 36 ), or to any deferred annuity policy (including a pension buy-out contract) where the eventual benefits depend in whole or in part on investment performance in the period up to the intended retirement date.20