DEFINED BENEFIT TO DEFINED CONTRIBUTION – WHY NOT?

Final Salary pensions schemes, also known as Defined Benefit (DB) schemes, have long been held out as the gold standard of retirement provision. It’s true that, if the pensioner lives a long time, they will provide a high total return. If, however, the pensioner lives a short time then only a small part of the […]

DEFINED BENEFIT TO DEFINED CONTRIBUTION – SOME EXTRA CONSIDERATIONS

Since the introduction of pension freedoms on 6th April 2015, Defined Benefit (DB) pension transfers advice is topical. One ‘fly in the ointment’ is that members in defined benefit schemes can’t access much of what is good in relation to such reforms. So, if you are a single man or woman with no dependants you […]