DB to DC transfers: Members have been given the ability to transfer their savings from defined benefit schemes into defined contribution schemes. Trustees must navigate tricky issues around transfers from DB to DC in the wake of the Budget freedoms. This is because many of these schemes’ members are expected to transfer their savings into DC provision so that they can cash them in at age 55, giving them more flexibility with their pension savings. Trustees should counsel members on the full implications of such a decision, as it may not be in members’ best interests. There is also concern that this will lead to an increase in retirees being targeted by fraudsters.