Transferring defined contribution benefits into a buyout policy can potentially reduce the value of scheme assets by millions of pounds, Xafinity warns.
The consultant said if trustees consider using contract-based buyout policies - sometimes known as section 32 policies - to remove deferred member costs from their schemes then member benefits coul...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
