Moving DC pension into LGPS?

[ProjectsGalore]

I have two DC pots of £51,000 and £74,000 respectively. I am in the LGPS and have requested in transfer values which have come back at £3,363 and £4,859 respectively. I am 54 and this is my only chance to transfer into the CARE scheme and my only pension funds so I need to get it right. I have grown the DC pots well by being invested in 100% equities and am unsure whether to put all funds into LGPS or do half and half so I have more flexibility over retirement date options and can leave one DC pot for my children to inherit. How do I decide the right way forward as either option seems okay? Thanks for any help. I have 13 years until state pension age.

This sounds like a decent transfer value but will depend on so much, what are the death benefits like etc. when is the pension accessible from? Also is that value today and will grow or value at age 67? In your position I'd look to get some financial advice.

It is a really personal decision and depends on your risk appetite and circumstances. I tried to get advice from a financial planner but (understandably, I guess from their fee point of view) they completely refused to countenance transferring into the DB scheme.

I did the half and half thing (I put the bigger pot in that was subject to higher fees and did not have a protected age of 55) - it bought me a decent sum in DB pension but left enough in DC (which I add to) to give me flexibility as I can't get the DB one in full for over 20yrs (I am mid-40's). I hope to be able to retire earlier than that.

My DH has a much larger DC pot so, for us, it made sense to have some DB pension for guaranteed income.
If inheritance is your main concern then DC pension makes more sense.
However, you can still contribute to a DC pension but the opportunity to transfer into the DB scheme is lost after a year (for me anyway, not sure on lgps).

Like I say, I contribute to a SIPP now too safe in the knowledge I will (with DB and State pension) have enough to live on post 68. I just do the standard contribution to the DB scheme so it goes up each year but I could swap to pay into a DC scheme (which is pretty generous in the civil service) if I changed my mind.

Not sure if that helps - just my circumstances. I probably could have been bolder and put the lot in but I don't like having all my eggs in one basket and I intend to work long enough to get the DB pension to a decent level and top the DC pension back up.

Oh and I find the pension forum on moneysavingexpert.com useful for advice like this.