Merryn Talks Money DC and DB Pension Schemes: What They Are and How They Work
Nov 5, 2024
This discussion dives into the essential differences between defined benefit and defined contribution pension plans. You’ll learn about the security offered by DB pensions and the risks tied to shifting to DC schemes. Recent regulatory changes that impact pension transfers are examined, shedding light on how they can influence retirement strategies. The hosts also highlight the complexities and tax implications involved in fund withdrawals, revealing why some financial advisors may hesitate to support transfers between these schemes.
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