DB transfer members risk running out of money seven years earlier

Victoria Tichá
clock • 2 min read

An individual transferring a £230,000 defined benefit (DB) pension could lose up to seven years of retirement income if they draw a fixed sum of £10,000 a year, according to XPS Pensions Group research.

In its Member Outcomes Under Freedom and Choice report published on 06 August, XPS Pensions Group highlighted how the charging structure of a receiving vehicle during a DB transfer significantly im...

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