Number of savers advised to transfer from DB plummets

The FCA has published new data after receiving a freedom of information request

Hope William-Smith
clock • 1 min read
Number of savers advised to transfer from DB plummets

The number of pension savers advised to transfer out of defined benefit (DB) schemes has fallen ‘dramatically’ in the last 18 months, according to data obtained by Kroll.

The data and risk firm submitted a freedom of information (FoI) request to the Financial Conduct Authority (FCA) requesting data on recent trends in DB transfers covering April 2020 to September 20...

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 Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot