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Fidelity · UK pension transfer guide
Fidelity pension transfer guide for NRIs considering an overseas transfer.
This independent guide explains common transfer-out questions for a UK pension currently held by Fidelity. Fidelity would be the ceding provider, not the overseas receiving scheme. A transfer is possible only if the member, benefits and receiving scheme meet the rules in force.
No affiliation with or endorsement by Fidelity is claimed · Fidelity is not presented as a QROPS
Your Fidelity Pension
What kind of Fidelity pension are you likely holding?
Fidelity's UK platform is best known for giving investors direct control over their fund choices, so the pensions held there tend to be more actively managed than most.
Most NRIs we speak to hold a self-invested personal pension (SIPP) on the Fidelity platform, built up by actively selecting funds, investment trusts or shares rather than accepting a default workplace fund. A smaller number hold a Fidelity-administered workplace pension, where an employer chose Fidelity as their auto-enrolment or group personal pension provider but still allowed employees a wide range of self-select fund options.
Because SIPP holders on Fidelity are typically more engaged with their own portfolio, the transfer conversation often includes questions about how existing fund holdings translate into a QROPS structure, and whether investments need to be liquidated before the transfer can proceed. We walk through this with you before any paperwork starts, so there are no surprises about what happens to your specific holdings.
Transfer Considerations
What matters most when moving a Fidelity pension
The rules that govern this transfer come from HMRC, not Fidelity — so getting the compliance side right protects you, whichever provider you're moving from.
GOV.UK notification-list check
Before any permitted transfer, the proposed receiving scheme requires a GOV.UK ROPS notification-list check and separate statutory, provider, tax, charge and suitability checks. Notification is not approval or verification.
Understanding unauthorised-payment charges
An unauthorised payment is generally charged at 40%, with a further 15% surcharge only where statutory conditions apply. The risk must be assessed; it cannot be guaranteed away.
Provider document requirements
Discharge forms, identity evidence and provider declarations should be prepared against the provider’s current instructions; the provider decides whether a submission is complete.
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Related pages & other providers
The transfer process
A step-by-step look at how your money moves. See the process →
Talk to us
Start your Fidelity QROPS assessment today. Contact us →
Other providers
Also handling transfers from Aegon, Royal London and more. All providers →
Start with a Free Assessment
Ten minutes is all it takes to know where your Fidelity pension stands.
Tell us about your Fidelity SIPP or workplace pension and where you're settling. We can outline the questions to take to your providers and regulated advisers; costs, eligibility and timing depend on your individual case.