The conflict of interest around pension transfers

By James Jones-Tinsley Things have certainly changed. Access to defined benefit schemes has dropped significantly, while the proliferation and membership of defined contribution schemes has soared. In April 2015, the pension freedoms liberated funds by offering individuals easier access to their savings from age 55 onwards. Rather than having to purchase an annuity, an individual could simply withdraw their entire pension fund in one go. But given that the pension freedoms only applied to define contribution schemes, this unfettered access...