Do you trust a former employer to deliver on a pension?

Many members of defined benefit (DB) pension schemes run by their former employers are choosing to take out lump sum transfer values in lieu of their pension rights rather than live with the risk that the promised benefits won’t be available when they retire.

These so-called deferred members have determined that they will actually be better off moving their funds into a defined contribution (DC) scheme or a personal retirement savings account (PRSA) ...