Expert Pensions VLOG
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Final Salary Pensions – Keep or Transfer?
Final salary pensions, also known as defined benefit pensions, are often described as the "gold standard." But are they always the best fit for your retirement needs? In this vlog, we look at when you should keep your plan and when transferring might be worth considering.
Key Takeaways
Final salary pensions provide guaranteed income for life, often with inflation protection.
Pros: stability, peace of mind, predictable payments.
Cons: less flexibility, may not adapt to your changing needs.
Transferring may be suitable if you want more flexibility, to pass benefits to family, or if your lifestyle goals require it.
Professional advice is essential—these are high-value, complex pensions.