Six million workers need more help with pension transfers - Royal London

The insurer, which also called for government rules and regulations to be updated to help this group, has published Five good reasons to transfer out your company pension … and five good reasons not to. The guide is intended to provide factual information to help those in a DB scheme weigh up the pros and cons of converting a salary-related pension into a cash equivalent ahead of taking independent financial advice on a potential transfer. It addresses key attractions of transferring - including flexibility, the potential for more tax-free cash, inheritance and concerns about the spon...