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.

Information from Defined Benefit pension schemes suggests that well over a third of a million people have transferred over £60bn out of such schemes in the last three years.

Following a Freedom of Information Act request, Canada Life has uncovered the number of people qualifying for the full new state pension following its introduction in April 2016.

Thousands of pension savers have breached lifetime allowance ‘protections’ in the past 12 years, potentially landing themselves with tax bills running into hundreds of thousands of pounds.