As pension freedom encourages an increasing number of people to think about how best to realise value from their pension pots, now could be the time for them and their advisers to consider transferring out of a defined benefit (DB) pension scheme, according to Matthew Brown, private client partner at Thomas Miller Investment.
Transfer values from DB pension schemes have been hitting historic highs following further reduction in gilt yields over much of this year, says Brown, meaning advisers and their clients would do well...
Lowest level since 2016
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Just one-fifth not in favour
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