Closing your TPI Pension. You may close your TPI Pension at any time and: • transfer all or part of your TPI Pension fund to another registered pension scheme or QROPS; • secure a lifetime annuity from an Insurance Company provided you have reached the normal minimum age for taking pension benefits, or an earlier age if permitted by pension regulations; or • withdraw all funds under UFPLS/Drawdown. Closure will not affect the completion of transactions already initiated. We are authorised to continue to operate your TPI Pension after being informed (or otherwise becoming aware) of your intention to close your TPI Pension for the purpose of settling or receiving money in respect of transactions already initiated and paying any expenses, fees or charges due to us or other parties. Your TPI Pension will need to settle any outstanding investment transactions, including the fees due to us and other third parties’ fees or charges. Any residual money will then be transferred as stated above.
