Financial advisers are reporting a surge in the number of final salary scheme members who are trading in their pension plans for cash.According to a survey of advisers carried out by Royal London, the volume of transfers out of final salary pension schemes – which pay a guaranteed income for life – has grown by over 50% in the last year.[...]
The typical value of defined benefit (DB) pension transfers is now greater than the average price of a house, according to research by Royal London.[...]
Millions of workers are missing out on ‘free cash’ from their employers. Here’s what you can do about it.[...]
The volume of transfers out of final salary pensions has increased by over 50% in the last year, with the most common valued at more than the average UK house price.[...]

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