Originally Posted by
Don Corleone
Sounds very sensible advice. The one thing I didn’t get when I asked about transferring a final salary scheme was I was told the transfer value was £190k but the guaranteed pension at 65 only £6k pa. That means I would have to live until I was nearly 100 to get that transfer value in the yearly pension and also the final salary scheme dies with you so wanted to transfer out but the FA wouldn’t advise it as too much risk involved - thought it was much more likely I will die before 100 ( having already survived cancer once) than to live way past 100 but seems all FA,s advise against moving the money from a final salary scheme and you can’t do it without their approval
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