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Peter Doherty: "Critically, a defined benefit transfer is an irreversible transfer of risk from a pension scheme to an individual."
One of the key issues facing financial advisers today is how to transact a DB pension transfer, writes Peter Doherty. Get it right and you have a very happy client. Get it wrong and the client won't be happy at all
First, and critically, a defined benefit (DB) transfer is an irreversible transfer of risk from a pension scheme to an individual. The premium paid by the scheme to discharge its risk is the CETV, which...
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