Transferring an old pension

Onestepcloser

Albermarle said:

So finally got a estimated value at retirement age, which tracks CPI
Option 1:
£2200 full annual pension
Option 2: a pension commencement lump sum of £10600 and reduced annual pension of £1500.

This is all you need to know. 
The lump sum offer is not very generous considering the pension you will be giving up, but it is your decision in the end.

I was thinking the lump sum as it only works about £15 per week less taking the reduced pension and would need to live nearly 17 years to then be worse off.  Unless I'm missing something