Someone tell me this is right or wrong....

Terron

If you have no other guaranteed income I too would keep it, unless you expect 1970s levels of inflation.

Thrugelmir

IAMIAM said:

Transfer CETV now to a AJ Bell SIPP and invest in S&S and watch it grow much better than where it is now? 5-8% per annum for 25 years....?

Or am I a fool....

You've missed the boat I'd say. Been following the financial news recently ?  

Random47

 Even if deferred and getting RPI it really does reinforce how good and worth their weight in gold having DB pensions are (if you are lucky enough). So my advice is keep hold of it.

The work involved in saving a pension pot equivalent to paying out at DB levels in comparison is hard graft, substantially higher pay in costs with need for long term growth...

TBH I am one of the lucky ones with a DB even though I thought I was invincible when younger and did not start paying into LPGS at 42 and then still missed 5 years after I left LPGS employment (2015-20 and now back in) I have what I would consider to be a reasonable DB level at NPA which with SP will keep the wolf from the door. The higher risks associated with what is essentially every other pension model (in a wide sense) is a defined contribution invested pension just does not offer the same guarantees. That said I am also paying into a SIPP  

NedS

Thrugelmir said:

IAMIAM said:

Transfer CETV now to a AJ Bell SIPP and invest in S&S and watch it grow much better than where it is now? 5-8% per annum for 25 years....?

Or am I a fool....

You've missed the boat I'd say. Been following the financial news recently ?  

Agree with @Thrugelmir
If you had transferred 10 years ago, your transferred pot would have seen 10 years of excellent growth whilst the DB equivalent would have risen at comparatively low rates as inflation has been low. But past performance is not an indication of future performance. In my opinion it is very unlikely that what happened in the last 10 years will be repeated in the next 10 years. During the next 10 years, a DC pot could see a real term loss (i.e, struggle to even match inflation) whilst DB pensions continue to rise with higher inflation levels. View it as further diversification - better to have both DB and DC assets, whichever 'performs' better, you have some skin in that game so will benefit from that out-performance.

IAMIAM

The temptation is always there, but yes agree. I will stick with both my DB pensions (current and old) staying as is and just topping up with a LISA annually for now...