DB schemes urged to 'make the most' of flexibilities

Pension freedoms have prompted over 200,000 people to transfer from a DB to a DC scheme

Holly Roach
clock • 2 min read
LCP said the best options for members are pension increase exchanges or bridging pension options
Image:

LCP said the best options for members are pension increase exchanges or bridging pension options

Defined benefit (DB) schemes and members should make the most of the flexibilities within their scheme, according to research by Lane Clark & Peacock (LCP).

The consultant's report revealed one of the biggest reasons many members give up the security of a DB pension has been the search for greater flexibility. However, the firm said members may be a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot