Pension Pot

[AKMild]

If I transferred my defined benefit pension pot to a pension provider that allowed income drawdown, does the 'transfer value' become my new pot that I can draw down on?

[fiction-factory]

Yes, except there will be a charge I would think so the value would be less. I think you would need advice though- it's a big step to give up a defined benefit pension

[ubasses]

Have a read of this it may help
w.thisismoney.co.uk/money/pensions/article-2598971/Should-transfer-final-salary-pension.html

[fiction-factory]

http://www.thisismoney.co.uk/money/pensions/article-2598971/Should-transfer-final-salary-pension.html

[ubasses]

Thanks FF.

[johnny37]

another racket for financial services to exploit. exit charges can be rapacious