The Financial Services Authority (FSA) has published new rules and guidance, following consultation, to strengthen the protection for members of defined benefit pension schemes who are considering moving their money into personal pensions. The changes are designed to deal with the FSA’s concern that in most cases a pension transfer is not in the best interest of pension scheme members. The FSA is raising the standards on the assumptions used when a pension transfer value analysis (TVA) is made. This will make it less likely that an adviser will be able to recommend a transfer from a defined benefit pension scheme to a personal pension. Respondents to the consultation welcomed the changes and there was broad support for updating and clarifying the assumptions.