The DB pension transfer process

Transferring from a defined benefit (DB) pension scheme is a major decision for members and there are many factors that should be taken into account. Simon Taylor, Partner and DB pensions expert, offers advice to these members to understand their transfer options.

Scheme sponsors and trustees should put in place a support framework for members who wish to investigate their retirement options, including transferring out of their DB scheme. In the area of partnering with an IFA to provide members access to good quality advice, we firmly believe the risk of doing nothing is greater than the risk of doing something. There are many steps scheme sponsors and trustees can take to facilitate a better process for members.

Find out more by downloading the briefing note below or see how our 4me platform makes the process clearer for members.

Further reading