Pensions: 5 things to think about before transferring your Defined Benefit pension

open hand on sky backgroundPension Freedom has opened up many more possibilities for people as they approach retirement, including the option to transfer out of their Final Salary pension. Before we go any further we should point out that Defined Benefit pensions are also referred to as Final Salary schemes or maybe CARE (Career Average Revalued Earnings) schemes, however, for the sake of simplicity we shall only refer to them as Defined Benefit pensions in this article. It’s probably still true to say that, for those people who have them, Defined Benefit ...