Nearly one in five transfers out of DB since April freedoms
Almost one in five members transferred out of their defined benefit (DB) scheme to use their freedoms after receiving advice according to Willis Towers Watson.
The firm produced a survey which found that half of 15,700 members of DB schemes who were offered independent financial advice took up the offer. These people were aged 55 or over but had not started drawing...
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Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
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