Q. I have created 6 money purchase pension schemes, as part of my advice I am consolidating 5 of these into a new money purchase scheme. Can I set up a transfer in voyant or do I need to delete the current schemes in favour of a new plan? 

A. The software does not have a facility for modeling pension transfers as the rules surrounding transfers can in some cases become complicated. Instead we recommend that you model the pension in this case as having already been consolidated into one, in your base plan or possibly a scenario. Create a single pension with a single consolidated balance and delete the pensions that were (will be) consolidated.