Final Salary Boss Transfers
January 10th, 2017
People are usually told not to even think about taking a transfer value from a scheme that guarantees a ‘final salary’ pension, says the Telegraph. But, it says, if someone as knowledgeable about pensions as former pensions minister Baroness Altmann is cashing in two of her final salary pensions, perhaps you should think again. In both cases, the transfer value of the pension had more than doubled in the past two years. The Telegraph quoted her remark:“I don’t mind giving up some final salary, guaranteed pension income in exchange for what seems a very good-value offer”.