Blog: The revolutionary pension freedoms introduced in April allow employees to transfer out of their employer’s defined benefit pension schemes and take benefits as cash rather than pension.
Meanwhile, recent moves in bond markets have caused both transfer values and the pension liabilities on companies’ balance sheets to balloon higher than ever, presenting an opportunity for employers.
By helping pension scheme members to take advantage of the new flexibilities, and take their money from the company’s pension scheme, the member may be able to get a generous transfer value while the company gets to reduce its pensions risk.