New rules and guidance on how pension transfer values are calculated
4 May 2012 In March, we highlighted (see Updates) the FSA’s consultation on their to change the way that pension transfer values are calculated. These are often considered in the context of moving a pension pot from an existing defined benefit arrangement into a separate defined benefit scheme but also have influence in other areas of establishing cash equivalence: e.g. tax-free commutation, inter-scheme transfers, purchase of addditional years accrual and so forth. The FSA has noted, particularly given the risk involved in given up the certainty of DB, that they would expect the starting point for pensions transfer advice to…
