Craig Muir explores pension switching in his latest article for PA. Here he lists seven things to consider when shifting DC plans for clients...
The current market has brought real opportunities to discuss pension switching with your clients. While market volatility may have made clients reticent about switching or consolidating pensions in the past, they may now be more agreeable. Perhaps their existing plans might be performing poorly, or they may have taken more time to consider their future income needs and feel like now is the time to get their finances in order. It's important to say this article is not talking about defined benefit (DB) to defined contribution (DC) transfers. Instead, it focuses on DC to DC shifts which...
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