Tips on how to ensure your Financial Advisor gives the green light to transfer DB pension to SIPP.

sheslookinhot

ANotInUseName said:

See where your coming from SLH, I'm expecting it to be one of those businesses that will carry on beyond my pension age, as such I may well be in a position not to retire, if health allows I would be quite active in the venture, if not so active, then take a back seat and we would have more staff. Alternatively we could just sell up and take the retirement proceeds. I guess this is what makes the option more interesting is that it provides flexibility in the future. I can really appreciate now how the this may appear from the IFA's perspective - as per the last comment made by DunstonH, my retirement journey may take any number of routes some of which I may not be able to predict, even less so by an IFA. Same applies to keeping it in the the current DB scheme to a certain degree, what will it be worth when I'm 65 (in relative terms to what it can buy me now), will it even be available to me at 65? Just a shame we can't go for a disclaimer to say I'm happy with the risks I'm about to take, as current values of my other assets and other pensions will be more than sufficient for a comfortable retirement, so if the venture didn't go as planned I'm still provided for.
I think from the comment of DunstonH Ibrahim, the IFA's appear to have their hands tied in this matter with the ever present spectre of the FCA circling above. The good thing is that we have such forums for such issues to be aired so hopefully folks can review these forums in order to be better informed.
And just for the record, appreciate the time taken and contributions made by both IFA's and those that have experienced the process.

This is positive and needs to be emphasised more. Together with flexibility of spending more ( not your venture) in early retirement and possibly leaving an inheritance to offspring.