Cheers Al - very useful documents and advice!
Would there not be an argument that money in your estate today (transferred into SIPP/Personal Pension etc) would be better as your family would have access to the full benefits should you die prematurely? On death, the old 75 scheme only pays out a half pension I think, to surviving spouses. If you could forgo that future entitlement for the lump sum equivalent to be transferred into your grubby mitts, would that not be better?
After all, when I worked at AFPPA in Gosport I got talking to one of the actuaries - he told me that only 18% of Army personnel who complete a full career (>22yrs) survive to 65 to collect a full pension. Ergo, the secondary payment at 65 on the 05 scheme. With this in mind, would it be better for your family to transfer out?