One of the key details we noted was the different NRA’s between the two schemes. If Nicole transferred her old pension fund into the new pension scheme, the NRA of 65 of the new scheme would apply. Therefore, the NRA of 60 under old scheme would be lost. The flexibility that Nicole could access some of her retirement fund at 60 was appealing and she ruled out transferring to new scheme. The PRB offered the best solution in this instance, allowing Nicole to transfer her full fund into this single premium insurance contract taking the rules of the purchasing scheme with it, principally NRA of 60. Thus Nicole now had more control over her pension fund and investment fund decisions and this removes the need to deal with old pension scheme trustees in the future. Furthermore, the PRB also offers greater flexibility with the opportunity to possibly access this fund from as early as 50.