Some company pension schemes are based on your length of employment and you salary upon leaving, which is why your benefits are said to be frozen from the date you leave. The value of those benefits can be revalued to keep pace with inflation so the term, frozen, is not strictly true.
You should receive a statement each year which explains what your benefits are projected to be at the scheme retirement date.
In many cases it would be best to leave your pension where it is, especially if there are guaranteed benefits, however should you wish to take your benefits earlier than the scheme retirement date, or if you just wish to take more control over your pension planning, it may be possible to transfer to a personal pension which could provide you with more flexible options.
Before doing this one of our specialist pension advisers would prepare a report which would explain you options in full, together with the risks involved.
