Transfer from DB to DC recommendation

Mike360

maupertius said:

I'm still 25 years away from retirement age and I have most of my pension in a Defined Contribution (DC) scheme. However, I do have a small pot from a previous job (£3k lump sum, £1.2k/year benefit) in a Defined Benefit (DB) scheme. Can somebody with some experience on pension (I have none) shine some lights on the pro and cons of transferring? The only reason I would do the transfer is to have everything in one place to minimise red tape, as I tend to change address frequently and don't exclude the possibility of moving abroad before retirement age.

This may help. Note point 8.

https://www.ppf.co.uk/blog-posts/defined-benefit-pension-need-to-knows