DB Final Salary Transfer for insistent client

Jamesfbs

looking for some help as I feel like I'm banging my head against a wall facilitating a DB transfer.

I have spoken to a couple of advisors who have said they cant facilitate it because of my age. I have discussed the insistent client route with a number of advisors who said they cannot help and one advisor has said there is no-one in the UK who will deal with this now. I would believe that this may be the case due to the knee jerk reactions, but I think that is completely ridiculous if all doors are indeed closed.

I am 38 and my employer has recently closed down the final salary pension for future accrual. The pension is currently sitting £17k pa at 65. The deferred pension will grow with inflation to a maximum of 5%. They are offering a transfer value of £900k. 
I totally appreciate this is a rock-solid guaranteed income at retirement, however I look at this from the point of view of an investor that this return on £900k investment is very poor. I understand the gilt link & how this is calculated. I would expect £900k in a managed fund for 15-20 years to out perform inflation.

We will be emigrating to Oz in the next few years to be with our family and I would want to move the fund there eventually so i would like it positioned well to allow for this via QROPS crystallisation event.
I have other sources of retirement income, in stocks, & property as well as my wife has her own pension, so our eggs are not all in one basket. 

If anyone knows anyone who can facilitate a DB transfer, please let me know. thanks

Albermarle

This subject is discussed at length in many different threads on this forum .
Probably you are banging your head against a brick wall .
Who will accept a DB to SIPP transfer from "insistent client" — MoneySavingExpert Forum
Transfer final salary pension to new DC scheme — MoneySavingExpert Forum
Pension transfer costs — MoneySavingExpert Forum

dunstonh

I have spoken to a couple of advisors who have said they cant facilitate it because of my age.

There are not many PI insurers that will offer DB pension coverage at the moment.  Most of them that do, will not offer it for under 50s.   Hence you often find that is the issue with some firms.

I have discussed the insistent client route with a number of advisors who said they cannot help and one advisor has said there is no-one in the UK who will deal with this now. I would believe that this may be the case due to the knee jerk reactions, but I think that is completely ridiculous if all doors are indeed closed.

Theoretically, no adviser should be transacting insistent client basis at this time.  It would be a ridiculous risk to their business.  However, there was a thread recently that suggested someone found a firm that was.