DB pension transfer - IFA thought yes But his boss says NO - Stuck.

ffacoffipawb

Mick70 said:

Albermarle said:

I think it means at retirement he will have a large DC pot ( few hundred £k) + still have the DB annual pension & overall that would put him in a similar position as cashing in the DB pension now, although with less risk.

yes, sorry I probably worded it badly (again) , this is what I meant  - DB pension will be about £32k then and in 8/9years  could have a dc pot around 350-400k  - that was main reason given for them saying NO 

To be honest, if I had £1.7 million I would buy your DB off you (maybe adjusted for the fact I am older than you at 55). Sorted for the rest of my life with no risk.

Mick70

in ideal world I would have still taken the CETV offer, although I appreciate their argument

ffacoffipawb

Mick70 said:

in ideal world I would have still taken the CETV offer, although I appreciate their argument

To be fair, I agree both arguments have merit. I would love such a guaranteed income though, means could afford to take more risk elsewhere without too much detriment.