A blog post on defined benefit (DB) transfers from an adviser, published by Unbiased on Thursday, has been taken down following industry criticism it was "fairly one-sided and frankly incorrect".
The piece entitled ‘Stick or twist? Why you might trade in your final salary pension' was written by Sound Financial Planning managing director Paul Spires. It described the 'many final salary scheme holders [that] feel, rightly or wrongly, that they are missing out.' Spires said the 'fear of missing out' had intensified thanks to high transfer values incentivising more people to transfer out of their DB schemes. After listing the potential benefits of switching out, Spires continued to point out that 'many final salary schemes are in a precarious position', with the UK pension's defi...
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