Pensions: “I want to transfer my final salary scheme”. Really? Are you sure?

Over the past couple of weeks we’ve seen an increase in the number of people calling us to enquire about transferring their Final Salary pension into a SIPP (Self Invested Personal Pension). Whilst there seems to be no particular reason for the increase in this type of enquiry, it did get us thinking. Why would someone want to transfer their Final Salary pension into a SIPP? Is there any benefit to doing so? Why do some people place so little value on their Final Salary pension? “My pension is doing nothing”...