Defined Benefit Pension Transfer Ultimate Guide 2025

Transferring a DB pension is not a decision to take lightly, especially since these pensions involve safeguarded assets typically valued over £30,000. Legally, and for good reason, you must obtain professional financial advice before making any transfer decisions. Based on extensive industry experience, it's notable that about 95% of individuals are advised to retain their DB pensions. The benefits of keeping your pension within the DB scheme are significant due to the safeguarded, inflation-indexed nature of the asset. Your pension is guaranteed to grow over time, providing a stable financial foundation for retirement.

One of the biggest mistakes individuals make is hesitating to seek expert guidance. Transferring a DB pension is an irreversible decision that requires careful analysis. If you are considering a DB pension transfer, take the time to evaluate your needs, long-term financial plans, and risk tolerance. The decision should be guided by facts rather than emotions. While some may benefit from a transfer, the vast majority are better off retaining their DB pension. Always ensure that you have all the necessary information and professional advice before making such an important decision!

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Reference:
https://www.fca.org.uk/consumers/pens...
https://www.investopedia.com/ask/answ...
https://www.moneyhelper.org.uk/en/pen...
https://www.gov.uk/hmrc-internal-manu...

Key Points of the Video:
🔍 Defined Benefit Pension Transfer Ultimate Guide 2025

📌 95% of people are advised to keep their DB pension because it provides a guaranteed, inflation-linked income for life. This ensures financial security and eliminates investment risk.

💡 While most people should keep their DB pension, some exceptions apply:
● Serious illness
● Flexibility
● Inheritance planning
● Higher risk appetite

🔒DB pensions vs. DC pensions – A DB pension guarantees lifetime income with employer-covered costs, while a Defined Contribution (DC) pension gives flexibility but exposes you to market risks.

📢 Transferring isn’t easy! The process is lengthy and involves multiple steps, including obtaining a Cash Equivalent Transfer Value (CETV), undergoing financial assessments, and completing extensive paperwork.

📉 Risk warning! Moving from a guaranteed DB pension to a DC pension means losing financial security. Market downturns, investment fees, and mismanagement could leave you worse off in retirement. Proceed with caution!

Video Timestamps:
00:00 Introduction to DB Pension Transfers
01:00 When a DB Pension Transfer Might Be Considered?
01:35 Why PTS Against DB Transfer?
02:05 The Value of a Guaranteed Asset
03:04 Why Some People Still Want to Transfer DB Scheme?
04:05 The "Golden Years" Concept
05:00 Inheritance & Legacy Planning Concerns
06:52 Investment Risk & Growth Potential
08:46 Outro & Summary

Disclaimer 🚨
⚪ All Defined Benefit (DB) pension transfer enquiries involving safeguarded benefits are handled
by an independent, FCA-regulated Pension Transfer Specialist (PTS) firm. We provide pension
and investment advice under the 2-adviser model but do not assess DB transfer suitability. The
PTS firm operates independently, and clients fall under its regulatory jurisdiction.
⚪ Content is for informational purposes only and does not constitute financial, investment, tax
(including for U.S. residents), or legal advice. Always conduct independent due diligence and
consult a professional adviser before making financial decisions.

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