Traditionally you would transfer these assets to a Personal Retirement Bond in your own name, however normally a PRSA can also accept transfer values from an occupational pension scheme too, checking with a Trustee of the scheme will clarify this as all DB pension schemes have different rules. There will be a bid/offer spread on the units (typically 5%) when the current value is calculated but there will be no charges on the other end of the transaction for the PRSA to receive the transfer value.