CETV

Eight out of ten defined benefit schemes have taken some action to respond to the extra retirement flexibilities for defined contribution retirees introduced in April, research finds.

The pensions industry has rejected concerns that transfer values are too stingy, although many think it is time for a new methodology.

As trustees prefer for an increase in transfer requests, PP looks at best practice

Seven out of ten pension industry members back extending defined contribution (DC) flexibilities to defined benefit (DB) members, according to an Aon Hewitt survey.

Trustees have been urged to review their approach to calculating cash equivalent transfer values to avoid putting scheme finances at risk.