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<p /> <p>Defined benefit pension arrangements offer a high level of security and,
in some cases, very valuable guarantees. Therefore it is important that individuals
carefully consider the implications of giving these guarantees up before proceeding
with a decision to transfer out to access their benefits flexibly.</p><p> </p><p>The
independent financial advice £30,000 threshold applies to transfers out of all funded
defined benefit schemes, including public sector schemes such as the Local Government
Pension Scheme. The Government has no plans to create a separate threshold for funded
public sector schemes.</p>
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