6.1.12 A bulk transfer is an arrangement whereby special transfer terms are negotiated to allow pension scheme members to transfer their pension benefits to their new employer’s pension scheme to receive benefits of equivalent value. It often follows from a TUPE (Transfer of Undertakings (Protection of Employment) Regulations) transfer or a machinery of Government change.

It covers accrued pension benefits for all the staff that chose to transfer past service to the new pension scheme.

6.1.13 Section 12 – ‘Compulsory bulk transfers of staff’ gives you detailed guidance on what to do if you are considering a compulsory transfer of staff.

4 January 2022
Last updated:
4 January 2022