How to avoid pitfalls in DC bulk transfers

From the blog: Pension freedoms, increasing governance demands and higher charges have led to considerable appetite among employers to transfer defined contribution pots to either a mastertrust or contract-based arrangement, but there are a number of hurdles that need to be overcome.

An actuarial certificate is currently still needed to confirm that benefits are no less favourable in the receiving scheme than the transferring scheme. 

And if there are deferred members whose pots are being transferred, then the requirement of a scheme relationship to the relevant employer can also be a stumbling block for such transfers.

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