Those with Defined Benefit (DB) pensions could be sleepwalking into making the wrong decisions at retirement, either from falling victim to scams to cash in DB pensions or simply staying in a scheme when a transfer may have been better.
The numbers looking to transfer out of DB to access their benefit flexibly have soared since Freedom & Choice. Record high transfer values have made DB transfers even more attractive - both to members of final salary schemes, but also to scammers. Whether an individual decides to stay or leave their DB scheme, there are huge risks that members could make poor decisions with a life-changing and life-long impact.
What is clear is that members need support from trustees and sponsors to ensure they are making the right retirement choices. Doing nothing is no longer an option.
Join our webinar for a range of perspectives on what those running DB schemes can and should do to help members make better retirement choices.
In this session you’ll hear:
This session will be followed by an online Q&A.
If you are unable to attend this session but would like a copy of the recording and slides after the event please email firstname.lastname@example.org