Average DB pension transfer surpasses £500,000

Holly Roach
clock • 2 min read

The average size of a transfer from a defined benefit (DB) pension scheme in the last quarter reached £556,000, according to research by Lane Clark & Peacock (LCP).

According to the firm's research, this is the first time for three years that the average value has exceeded half a million pounds and is an increase of 30% compared with the previous quarter. T...

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