FRC: trustees reluctant to allow DB to DC transfers

Michael Klimes
clock • 1 min read

The number of transfers from defined benefit (DB) to defined contribution (DC) schemes has been lower than expected, according to the Financial Reporting Council (FRC).

A review by the FRC's Joint Forum on Actuarial Regulation (JFAR) on transfers found only a small increase in actual transfers despite a rise in requests for transfer values on the back of the April...

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