Defined Benefit Pensions: What You Need To Know

Do you have a Defined Benefit (DB) pension but not quite sure how it works? Is there a way to retire early with a DB scheme? Is transferring out ever really worth it? Financial adviser Peter Lawlor has over 30 years of experience and answers these questions and more.

You can book a free call with Peter here: https://calendly.com/peter-1138/60min
Or you can email him here: [email protected]

🧑‍💻 DB Pension Decoder - free guide to figure out the value of your pension
https://makingmoney.email/DB-decoder-...

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Chapters:

00:00 - What is a DB pension?
05:35 - How have DB pensions changed?
11:40 - Should you move from a DB to DC scheme?
15:37 - Vanta ad
16:31 - What age can you get your DB pension?
19:39 - How can you retire early with a DB scheme?
24:22 - Buying years and AVC pots
26:54 - Can the government end DB pensions?
33:03 - Tide ad
34:00 - NHS schemes
40:54 - Transferring out of DB schemes
49:49 - What you need to transfer out
01:00:32 - Don’t get scammed
01:03:59 - What’s the value of your DB pension?