DB transfer debate to 'come to a head' when stockmarkets fall

Tuto Associates director Tim Eadon said when the markets fall, consumers who have transferred out of a DB scheme and started accessing their pot will realise they may run out of money in retirement. He said the changing dynamics of the market due to pension freedoms has meant there is a real risk of clients not understanding the consequences of a transfer. "Pre-freedoms, a small percentage of your business might have drawdown cases, typically for high-net-worth clients and sophisticated investors," he said. "The government then literally opened up this whole market, without the produc...