Four out of five savers are loath to give up guaranteed and typically generous final salary pensions and only 3 per cent have done so, new research from Prudential suggests.
Concerns about making a mistake, losing guaranteed income, and getting ensnared in a long complicated process were the top reasons cited for holding onto final salary pensions, which provide secure payouts until you die.
But only around one in three of those asked were aware that some employers are currently offering gigantic transfer values – often worth vastly more than the current size of pots – because they are keen to […]
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