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Written by Rory Gravatt on 05 September 2018

As seen in the September 2018 issue of Pensions Age

An unprecedented number of people moved out of defined benefit schemes last year due to freedom and choice reforms and low gilt yields, which brought about record transfer values. But this isn’t necessarily something to be celebrated. We saw, in the case of British Steel, members duped into transferring out of their pension scheme and into scammers’ pockets. That fiasco, according to Altus consultant Rory Gravatt, has made bulk member option exercises challenging. Nevertheless, moving out of a DB scheme will always remain the right thing to do for certain people.


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