Why the world of pension transfers has changed forever

I've had the opportunity recently to review some final salary pensions in order to determine whether a transfer out may be suitable. Perhaps unsurprisingly, we've seen quite a lot of this type of work in recent months, as more advisers are starting to question the real value of these so-called ‘gilt-edged' schemes, when you take into account the new pensions flexibility rules. Many of us have an in-built siren that goes off every time a final salary pension rears its head. The default setting for many years has generally been to ‘leave well alone' and a lot of the time no further anal...