Defined Benefit Pension Transfer

Would a Pension Transfer benefit you?
We have 3 financial advisers who hold regulatory authorisation to provide defined benefit pension transfer advice. They offer a full and objective professional appraisal so you can make an informed choice.
In the past it was almost always wrong to transfer a defined benefit pension (also known as a db scheme, db pension, frozen company pension, and final salary pension transfer) into a personal pension. However, since the introduction of ‘pension freedoms’ two years ago, there are more flexible options available for taking tax free cash and income, as well as substantially improved death benefits. Giving up valuable guaranteed pension benefits needs very careful consideration, we will examine your personal circumstances and pension benefits to enable you to reach an informed decision.

Defined benefit pension transfers have become more attractive to some people, but not to everyone, due to the historically high values as a result of low interest rates/gilt yields. On top of this the weak funding position that many occupational schemes are declaring have concerned some deferred members, especially those with larger benefits who would lose most if their scheme was forced to enter the Pension Protection Fund.

If you would like to arrange a no-obligation initial meeting* with one of our advisers just call us on either our Glasgow or Dundee number above or fill out the form on the right and we’ll be in touch with you shortly.

 With offices in Glasgow and Dundee we cover the whole of Scotland as well as Northern Ireland.

*Any work you ask us to carry out as a result of this meeting will be fee based.

Ask a question or request a no-obligation initial consultation at our expense*


Scott Fyffe helped me make a life changing decision last year when I was considering transferring my Occupational Pension. Scott went through the options in great detail and his knowledge and understanding of pensions/financial systems is second to none. I was so impressed with the service I received I recommended Scott to some of my work colleagues.

– Mr S, Dundee

We can help you understand the advantages and disadvantages
To request an initial guidance meeting at our expense (over the phone or face to face)
Call us on 0141 352 7800
Chartered Financial Planners covering
Scotland & Northern Ireland, we offer:
  • Financial Conduct Authority (FCA) regulated advisers
  • An objective, balanced view
  • No fee for our initial guidance meeting*
  • Capped initial charges for larger transfers
  • Highly competitive ongoing fees
  • Wide range of investment options

After careful consideration, I have decided to take your advice and leave my pension where it is till my 60th birthday. I thank you very much for your help. I will pass on your company to my friends and family. I have found you (Scott Fyffe) to be very professional and easy to understand. I thank you again.

– Louise Mcgurk, Dundee

For further information visit the Money Advice Service website Transferring out of a defined benefit pension scheme

*Any work you ask us to carry out as a result of this meeting will be fee based.

Capital at risk, investments can go down as well as up.

You could be giving up guaranteed index-linked pension benefits if you do transfer. 

Defined benefit pensions are secure. If you transfer to a Defined Contribution scheme you will be taking on the investment risk yourself.

If you take your entire pension fund early you could be financially worse off in the future.