Defined benefit pension advice and transfer rules
When regulated advice is legally required for a final salary pension transfer and why guarantees, inflation protection and dependants' benefits matter.
Last reviewed 4 September 2026
Frequently asked questions
Must I transfer a final salary pension?
No. Transfer is optional where the scheme permits it, and remaining in the scheme is often valuable.
Why is advice required above £30,000?
Safeguarded benefits can be valuable and irreversible to surrender, so legislation requires regulated advice before certain transfers.
Can an adviser guarantee a transfer recommendation?
No. A genuine adviser must assess your circumstances and may recommend that you keep the benefits.