DB transfer debate to 'come to a head' when stockmarkets fall

Annual client reviews 'far more important'

Hannah Godfrey
clock • 2 min read

The debate around defined benefit (DB) pension transfers will "come to a head when the stockmarkets fall", according to a panel of retirement specialists.

Tuto Associates director Tim Eadon said when the markets fall, consumers who have transferred out of a DB scheme and started accessing their pot will realise they may run out of money in retirement. He said the changing dynamics of the market due to pension freedoms has meant there is a real risk of clients not understanding the consequences of a transfer. "Pre-freedoms, a small percentage of your business might have drawdown cases, typically for high-net-worth clients and sophisticated investors," he said. "The government then literally opened up this whole market, without the produc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

'Caution' required over potential use of pensions for house deposits

'Caution' required over potential use of pensions for house deposits

Research finds the number of retirees living in rented property could treble by 2040

Martin Richmond
clock 23 January 2026 • 4 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Mind the (widening) gender pensions gap

Mind the (widening) gender pensions gap

‘A terrifying outcome for women in retirement’

Caitlin Southall
clock 14 January 2026 • 4 min read