Although this may involve an initial cost to you, getting support to make the right choice for your circumstances will mean you’re more likely to be better off in the long run.
Neither the Trustee nor the Pensions Administration Team can give you financial advice. You should discuss the implications of a transfer with a financial adviser before making a decision.
You’re legally required to confirm you have taken independent financial advice before transferring a DB pension to a DC arrangement with a transfer value of £30,000 or more.
You can find an independent financial adviser in your local area by visiting The Money Advice Service.