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:

1. (a) an occupational pension scheme; or
1. (b) an individual pension contract providing fixed or guaranteed benefits that replaced similar benefits under a defined benefits pension scheme; or
1. (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), 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