Post-Budget surge in DB to DC transfers fails to materialise

Michael Klimes
clock

The expected explosion in transfer requests from defined benefit (DB) to defined contribution (DC) schemes has not materialised according to a number of consultancies in the industry.

A number of administrators contacted by Professional Pensions said they were surprised by the development. Premier Pensions Management senior consultant John Reeve said: "Looking at our data, we...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Pension confidence increases in last year, PensionBee says

Pension confidence increases in last year, PensionBee says

Provider’s Pension Confidence Indicator increases 3% in older savers

Jasmine Urquhart
clock 08 January 2025 • 1 min read
How we won the PP Investment Awards 2024... Legal & General

How we won the PP Investment Awards 2024... Legal & General

Legal & General was named as Target Date Fund Manager of the Year

Professional Pensions
clock 08 January 2025 • 3 min read
XPS launches DC pension pot benchmark tracker

XPS launches DC pension pot benchmark tracker

DC:UK Savings Watch maps value of typical pot against PLSA’s retirement living standards

Holly Roach
clock 18 December 2024 • 2 min read
Trustpilot