Keeley Paddon: Considerations for a positive DB transfer recommendation - Part 2

Last week, I started to outline the issues to be considered when transferring from a defined benefit (DB) to a defined contribution (DC) scheme. Having examined documentation, CETV and TVAS and options , I am now going to address other areas to be aware of when embarking on transfers in order to secure a positive outcome. * GMP: The Department for Work and Pensions consulted again last year in relation to equalisation of the guaranteed minimum pension (GMP). We still frequently see schemes that contain the GMP due to being contracted out in the past. It is still possible for the GMP comp...