Locked in Agreement. Is a written agreement sent to the relinquishing institution in a locked-in/pension transfer by the receiving institution. It indicates that the receiving institution will keep the money locked-in according to locked-in regulations. Locked-In agreements may vary province to province/federal. If the pension source does not provide it's own locked-in agreement for the receiving institution to sign, AGF will provide one (which AGF will send to the relinquishing institution with the transfer documents).