UK - Paternoster urged regulating bodies to impose a clear framework for companies offering cash inducements to scheme members transferring out of a scheme.
Mark Wood, chief executive, Paternoster, said: "Cash paid by the sponsoring employer to an individual to encourage them to accept a transfer value at significantly below full economic value 'distracts' them from the true equivalent value of the benefit lost."
He added: "Defined benefit pension schemes are designed to pay pensions. Specific regulation of the transfer value process is required now to protect tomorrow's pensions."
A spokesperson from the Department of Work and Pensions said: "We want people to continue have access to defined benefit schemes - that's why measures in the current Pensions Bill could save employers around £250m a year in the longer term, and we're committed to further measures to ease the regulatory burden.
"But we also need to strike a balance between intervening to protect members' benefits and allowing employers to manage the costs of pension provision.
"From October, members considering a transfer must be told where they can get information to help them make an informed choice on whether or not it's in their interests to transfer out of a scheme," he added.
A spokesperson for the Pensions Regulator said: "Trustees should make sure that all information relating to the inducement offer is communicated to members to enable them to make an informed choice.
"Members must consider the value of the inducement, the transfer value (if any), the benefits given up, and the financial risks involved. It is important that members fully understand the implications," he concluded.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.