Adrian Boulding: DB transfer values and that 'kerching' moment

Since April 2015 - when pension freedoms triggered swathes of 55-plus year olds with defined contribution (DC) pensions to cash out - regulators, government, advisers and product providers alike have also been expressing unease at the rising numbers of defined benefit (DB) scheme members transferring out of their ‘gold-plated', accrued benefits-laden schemes, into relatively-stripped down DC schemes to access their retirement savings early. Although there is no doubt pension freedom has created the incentive to transfer out of DB schemes to access retirement income early - and without th...