Are more transfers a blessing or curse for schemes?
There has been a huge rise in the number of DB to DC transfers since 2015. Stephanie Hawthorne looks at how demand is changing and what these changes mean for schemes.
Since the arrival of freedom and choice in 2015, the dash for cash has continued unabated with defined benefit (DB) to defined contribution (DC) transfers seemingly the new El Dorado for financial advisers...
More on Industry
Pension Awareness Week 2020: Workplace scheme quality dampened by information asymmetry
The lack of information cohesion across the industry is preventing savers from receiving true value for money from their workplace scheme, the Finance Technology Research Centre (FTRC) says.
Ditch gilts-based valuations to generate £40bn of value, TPR urged
Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.
Scheme valuations in a Covid-19 economy
As over 1,000 DB schemes seek to agree a valuation amid the crisis, Hope William-Smith looks at the considerations.
94% of industry backs increased trustee power to halt potential scam transfers
Trustees should have the ability to pause suspected scam transfers, respondents agreed in a Professional Pensions poll.
Sole corporate trusteeship not a positive trend, industry says
Almost half (49%) of the respondents to a Professional Pensions poll disagree that the trend toward sole corporate trusteeship is positive.
