DB schemes urged to 'make the most' of flexibilities

Pension freedoms have prompted over 200,000 people to transfer from a DB to a DC scheme

Holly Roach
clock • 2 min read
LCP said the best options for members are pension increase exchanges or bridging pension options
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LCP said the best options for members are pension increase exchanges or bridging pension options

Defined benefit (DB) schemes and members should make the most of the flexibilities within their scheme, according to research by Lane Clark & Peacock (LCP).

The consultant's report revealed one of the biggest reasons many members give up the security of a DB pension has been the search for greater flexibility. However, the firm said members may be a...

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