Defined Benefit Vs Defined Contribution Transfers (DB vs DC Pension Plan, Transfer To SIPP)

Defined contribution pension scheme is among one of the most popular pension schemes in the UK after the defined benefit or final salary pension schemes. While it is one of the most popular, DC pension receive different treatment from the UK government compared to DB pension.

Why did the UK government treat it differently? What makes it happen? How are the transfer process compared to DB pension? Which one cost lower regarding advice? What are the perks of getting a DC pension transfer advice at Cameron James? Watch the video for the thorough explanation of DC pension by Dominic James Murray, CEO and Senior Independent Financial Advisor at Cameron James.

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Video Timestamp:
00:00 – Intro
00:28 – Why We Talked About DC Pension
00:46 – What Is DC Pension?
01:47 – The DC Pension Transfer Strategy
02:18 – An Example of DC Pension Transfer
02:55 – Popularity of DC Pension Schemes Over the Years
03:15 – DC Pension Transfer Advice Cost
06:22 – DC Pension Transfer Process at Cameron James
06:52 – The Current State of DC Pension Transfer in the UK
07:50 – Things To Consider When Transferring Your DC Pension
09:41 – Outro

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Dominic James Murray, CEO and Senior Independent Financial Advisor of Cameron James. Helping expats across 23 countries for over 10 years (including the USA and non-UK residents).

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