DC pension flexibility: DB to DC transfers and conversions | Practical Law
This note considers the restrictions and safeguards that apply where an individual who is a member of a defined benefit (DB) pension scheme chooses to transfer their pension to a defined contribution (DC) pension scheme (or a DC section of the same scheme). In particular, the note focuses on the Pension Regulator's guidance and FCA rules on DB to DC transfers, opt-outs and conversions.