Pension transfer specialist Tideway has claimed that UK workers could collectively be up to £25bn out of pocket if they are persuaded not to take advantage of final salary transfer offers by negative publicity on DB transfers.

XPS Pensions, the pensions administrator, says that 35% of pension schemes have appointed or are considering appointing an IFA to support members.

National retirement adviser LEBC has given up its DB transfer permissions following an FCA review.

There is a common mis-conception that Defined Benefit transfers are the scourge of society, an inherent evil that must be stamped out. This is far from true.