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A Final Salary pension scheme is an occupational pension that offers clients particular guaranteed and safeguarded benefits linked to an accrual rate. People also commonly refer to it as a Defined Benefit pension scheme or DB pension scheme. 

For example, a Final Salary pension may be 'index-linked, meaning your pension benefits are guaranteed to grow to keep pace with rising prices. People usually refer to Defined Benefit schemes as being 'gold-plated' because they are a valuable asset. They are different from Defined Contribution schemes.

More than 100,000 people cashed in their final salary schemes in the 2017/18 tax year, taking on average £200,000 at a time.

The number of transfers has increased sharply.

Transferring might not be in your best interests. Learn the possible Advantages and Disadvantages before you make any decisions. Your UK Defined Benefit scheme (DB) is a valuable asset with safeguarded benefits. 

The FCA ensures you consult a Pension Transfer Specialist before taking your Cash Equivalent Transfer Value (CETV). 

A Final Salary pension scheme is an occupational pension scheme that provides clients particular guaranteed and safeguarded benefits linked to an accrual rate. Often commonly spoken as a UK Defined Benefit pension scheme or a DB program.

For example, it should be 'index-linked,' meaning your pension benefits are bound to grow to stay at pace with inflation. As such, people usually consult with Defined Benefit schemes as being 'gold-plated' because they're a valuable asset.

It would be best if you considered all the pros and cons.

Why your Scheme may be a Valuable Asset:

Safe and 'Secure'

Index Linking (RPI/CPI)

Guaranteed Income forever (Annuity)

Possible Disadvantages of Holding a Final Salary Pension:

Limited Control, Cannot Withdraw/Access at Age 55, Risk profile 

constraints,

Currency Risk folks citizen receiving UK pension

Spouse only Receives 50% of Annual Pension

What Happens to the Principal of an Annuity once you Die?

View also: https://youtu.be/72jeaVw56sU

Benefits of Transferring an outlined Benefit Plan:

 Select your Beneficiaries who Receive 100% of your UK Pension

 Opportunity to continue Growing your UK pension during a Tax-Efficient Way

 Invest in line together with your Risk Profile and Attitude to Risk

Why you wish FCA-regulated Advice:

 For UK CETVs with Guaranteed Safeguarded Benefits over £30,000

 to make sure that a Pension Transfer is in your Best Interest

Top Reasons Why a DB Pension Transfer won't Be Suitable:

Only Retirement Asset

Limited Capital

Not landholder

Top Reason Why a DB Pension Transfer can be Advisable:

Significant Assets beyond DB Pension

don't Need Guaranteed Income always (Annuity)

Background to FCA Regulation:

 samples of Previous Bad Advice or scams within the Onshore (UK)

 Offshore Markets (non-UK residents) which has resulted in FCA Complaints

Dominic Sir James Augustus Murray, CEO and leading Pension Transfer Specialist. Cameron James, helping expats in 23 countries (including the USA and non-UK residents):