Q&A

Should I move from a DB scheme to a DC scheme after the budget changes

I am 49 have been in my present DB scheme for 18 years, I have the chance to move to the new company DC scheme, would this be a good idea i light of the budget proposals to allow almost all the DC fund to be taken as a lump sum. My DB scheme costs me 14% company pay 13% and pays out at 1/60th, the DC scheme has a scale of payments the highest being 6% from employee matched by 12% from company.