You won’t find that guaranteed income outside a final-salary scheme Transfer values are on the rise, but leaving a defined-benefit pension scheme is risky
Financial watchdogs have made it clear that they believe transferring money out of a defined-benefit pension scheme is a bad idea for most people. And yet people continue to defy this guidance, often with the support of their independent financial adviser: 390,000 savers have transferred cash out of final-salary pension plans since the pension freedom reforms.
Now this number may be set to rise. Transfer values offered to savers considering a switch hit a record high […]