Final salary pensions may be gold-plated, but are you also sitting on a transferrable gold mine? Neil Adams of Drewberry Wealth weighs up the pros and cons of transferring to a personal pension, and offers a way to calculate your potential benefits. Gold-plated. Gold standard. Or how about the less glitzy ‘copper-bottomed’ or ‘cast-iron guarantee’? However you look at it, final salary (or defined benefit) pensions have a formidable reputation as the pinnacle of retirement savings, the most attractive option available.
As the name implies, a final salary pension (if you have one) is provided by your employer. You save […]
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