Transferring your Defined Benefits Pension Scheme

28 Jul by gifa_admin

Transferring your Defined Benefits Pension Scheme

A Defined Benefit Pension is one where the pension is based on your employment, your salary and length of service, many are known as Final Salary Schemes.

There are reasons why transferring such a scheme, especially after employment has ceased, can be a good idea, but there are equally as many reasons why it may be a bad idea.

How to go about weighing this up in any individual situation is the basis of this guide. Nothing in this area replaces the value of professional advice, however as an  initial overview of the subject this guide, written in simple and easy to understand terms, is a great starting point if you have such a pension.

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