The ability for DC members to be able to take their pension as a cash lump sum could lead to a raft of requests from DB members to transfer to a DC arrangement. Helen Morrissey looks at the potential impact of such a move and asks how schemes should communicate with members
The Budget brought dramatic change to defined contribution (DC) pensions and has, to a large extent, levelled the playing field between defined benefit (DB) and DC. From next year, DC members will be...
£92bn transferred since 2015
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