Even in light of higher transfer values, losing something as valuable as a defined benefit pension is not a decision to be taken lightly and anyone considering this should seek expert, professional advice.

DB pensions give a guarantee of a defined income in retirement that is likely to be hard to generate via a defined contribution pension or other savings.

Advice is required for anyone considering a transfer for DB pensions of greater than £30,000. But DB pension transfers are a high risk and very specialist area of advice and so only advisers who are well experienced in reviewing and advising on these matters and who have a robust and tried and tested service should be considered.