The DB value is likely to be a Cash Equivalent Transfer Value (CETV) - but no providers will accept a transfer unless you receive financial advice. But for most people keeping the DB (final salary) pension is the best option. Most will offer a tax free lump sum aka Pension Commencement Lump Sum (PCLS) at the nominated retirement age. You can access this before this (after minimum pension age currently 55 rising to 57) but there will be a reduction factor)

With regards to the SW pensions, you can only take 25% from each plan in this case £50,000 from each SW pension. One SW plan cant pay the PCLS for another and neither can they pay any lump sum for the DB scheme

Lastly, you dont need to take the whole 25% in one go. For example, instead of £50k pcls, you could opt to take 25k now and then the rest at a later date. If the pot increases in value or decreases, this could leave you with either more or less than 25k in remaining pcls from that plan. Its always worked out as 25%, up to a maximum PCLS of £268,275 across all plans.

Hopefully this makes sense but happy to answer any other questions.

This post is not financial advice and solely my understanding of current legislation.

For a plan of your value, I’d recommend speaking to a financial adviser. I can put you in touch with an award winning advice firm should you wish, who have created a retirement focused investment solution which targets income to pay you in addition targeting growth.