New legislation was introduced in the Pensions Scheme Act 2015 following the Government’s concerns over protecting consumers who may lose valuable pension benefits in favour of transferring to arrangements that facilitate flexible access to pension savings. In this article Elaine Turtle, Director, DP Pensions discusses what advisers need to be wary of with transfers from defined benefit schemes and safeguarded rights to SIPPS.
http://adviserbusinessreview.com/db-pension-transfers-into-sipps-what-you-need-to-know/