Final Salary Pension Reviews
Final Salary pensions are still generally considered to be the ‘gold standard’; It is still the ‘received wisdom’ that transferring from a final salary scheme is not likely to be in the best interest of most people, and while pension freedoms will have tipped the balance, it is still expected to be the minority of cases where it will be in the clients best interests to transfer.
So what is a final salary transfer, what has changed and why should you consider leaving such a scheme? Let us explain why recent legislation changes now make them an option that an increasing number of people should consider.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people
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