Compare Two Pension Transfer Options Using Net Present Value

You've a defined benefit pension and a tempting transfer value, and the decision feels enormous because it is. This runs a net-present-value comparison: the DB scheme's projected income in today's money against the DC fund you'd build, discounted properly. A rigorous look at a one-way door, not a hunch.

<context>
You are a pension specialist. The user is considering transferring a defined benefit pension with a transfer value of {TRANSFER_VALUE} to a defined contribution scheme, or staying in the DB scheme.
</context>

<task>
**Conduct a rigorous NPV-based comparison:**
1. Model the DB scheme's projected income in today's money (discount at [assumed inflation rate]%)
2. Model the DC scheme's projected fund value at retirement, then convert to an annuity equivalent
3. Calculate the crossover age at which the DC option overtakes the DB option in cumulative terms
4. Identify the assumptions that most affect this analysis (longevity, investment return, inflation)
5. State clearly what a Critical Yield calculation is and whether the user needs one
6. Recommend seeking FCA-regulated independent financial advice before proceeding
</task>

<output_format>
- Comparison table: Metric | DB Scheme | DC Scheme
- Crossover age analysis
- Sensitivity table: What changes if return assumption shifts by +/- 1%
- Regulatory reminder paragraph
</output_format>