I sought advice on here before about my uk defined pension and received helpful replies.
I am hearing on the news about the recent worrying news around uk defined benefit schemes.
I have a uk defined benefit scheme from my time working in the UK. I am back in ireland a number of years.
I was offered a transfer value a few years ago by the company I had the scheme with, I did not pursue this at the time.
Last month I received another ( requested) transfer value, approx 100k wiped of the value from the value 2 years ago though my benefits of I chose to keep them ( ie monthly annual pension forecasts remained similar)
The news two weeks ago and yesterday regarding dB schemes is very unsettling.
I don't know the ins and outs of economics of what is going on right now, but headlines like DB schemes in the UK might be going bankrupt is scary..
I had been considering taking my monthly benefits from this scheme when I reach 55 ( next year)
I do have a current transfer value of a large sum on the table valid for 3 months ( received in sept) albeit 100k less then 2 years ago.. should I pursue this in light of the recent unsettling news in uk ?
I am hearing on the news about the recent worrying news around uk defined benefit schemes.
I have a uk defined benefit scheme from my time working in the UK. I am back in ireland a number of years.
I was offered a transfer value a few years ago by the company I had the scheme with, I did not pursue this at the time.
Last month I received another ( requested) transfer value, approx 100k wiped of the value from the value 2 years ago though my benefits of I chose to keep them ( ie monthly annual pension forecasts remained similar)
The news two weeks ago and yesterday regarding dB schemes is very unsettling.
I don't know the ins and outs of economics of what is going on right now, but headlines like DB schemes in the UK might be going bankrupt is scary..
I had been considering taking my monthly benefits from this scheme when I reach 55 ( next year)
I do have a current transfer value of a large sum on the table valid for 3 months ( received in sept) albeit 100k less then 2 years ago.. should I pursue this in light of the recent unsettling news in uk ?