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Guide to Defined Benefit (DB) Transfers

Since the introduction of pension freedoms in 2015, there has been an increase in the number of people considering transferring their pension from defined benefit (DB) to defined contribution (DC) schemes. Whether this is right thing to do or not will depend on your individual circumstances. You should always start by assuming that it is not the right thing to do, but this guide will provide you with some additional information.

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Since the introduction of pension freedoms in 2015, there has been an increase in the number of people considering transferring their pension from defined benefit (DB) to defined contribution (DC) schemes. Whether this is right thing to do or not will depend on your individual circumstances. You should always start by assuming that it is not the right thing to do, but this guide will provide you with some additional information.