DB transfer advice: Is it worth the reputational risk?

Pensions freedom, due to come into force on 6 April, will give over-55s unconstrained access to their defined contribution (DC) pension pot. The freedoms are predicted to precipitate a rush of interest in transfers from defined benefit (DB) to DC pension schemes from clients wanting to take advantage of the new flexibility. DB schemes, also known as final-salary pensions, pay a guaranteed pension to a retired employee until they die. They typically pay one-60th of a salary per year of work, set at one-60th of the salary on retirement. The schemes normally include an inflation-based...