Though partial defined benefit (DB) transfers can be seen as a "perfect solution", according to Andrew Tully, having such an option available does not necessarily make it right for a client.
Speaking at the 2019 Retirement Planner Forum on Friday (14 June), the Canada Life technical director told delegates partial transfers should not be seen as a silver bullet to deal with the issues surrounding pension transfers. Tully said partial transfers were often talked about as being the "perfect solution" to difficult situations relating to pension transfers. And theoretically, he added, allowing clients to find a mid-point between a complete transfer and staying in a scheme could make sense. Just because a pension scheme offers a partial transfer as an option, he continued, how...
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