Simon Torry News Today

The amount you can receive from transferring out a gold-plated defined benefit pension that pays a regular income has plummeted 42%.

Savers planning to transfer pensions face an uphill battle but the fight has paid off for some 7 April 2021 • 5:00am Alberto Medeiros has chosen the best of both worlds by transferring half of his pension Credit:  Daniel Jones/ Daniel Jones Transferring money out of a "gold-plated final salary” pension can be a complex and financially dangerous decision. However, there are times when it works in favour of a retiree despite having to jump through hoops to manage their own savings. More ...