Buzz respondents were split on the question of whether DB members would lose out if they were banned from transferring to DC. Some commentators said DB members would suffer if their options were restricted, while others pointed out that they were still in a strong position compared to many workers.
"It is likely to limit flexibility of how DB benefits are taken," said one contributor. "Why shouldn't a DB pensioner (who might also have some DC benefit) be able to choose a pension (escalation, ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
