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Trustees to send warning letter to members re DB transfers

Under guidance published by The Pensions Regulator (TPR), trustees are asked to send DB members looking to move retirement funds a letter warning them of the risks during the pandemic and urging them to consider the decision carefully.

With COVID-19 causing market volatility and an uncertainty for businesses and personal finances, pension members could be at risk of making knee-jerk decisions which hit their pensions.

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