Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to one provider.
The number of people inquiring about a switch from a DB pension to a DC scheme increased by 106% year-on-year in the three months since April, according to Selectapension.
The research suggested that 59% of DB reviews were for those over 50 in 2014, but this had risen to 77% in the corresponding period this year.
This suggested people approaching retirement were actively reviewing their pension pots, the firm said.
Pensions 'freedom and choice' permitted DC savers unfettered access to their pension pots from the age of 55.
But the same flexibilities were not extended to those with savings in DB schemes, which were generally considered to offer stronger benefits.
Anticipating an increase in demand for transferring out of DB schemes, the government put in place a requirement that qualified advisers sign off the transfer where it was valued above £30,000.
Advisers said they were experiencing a marked shift in demand, according to Selectapension, and had also observed more older clients asking for reviews.
Managing director Andy McCabe said: "Pension freedoms have started to make a considerable impact on consumers and have acted as a catalyst for many to reassess whether remaining in a DB scheme is the best option.
"However, it is important to recognise that transferring from a DB scheme is not suitable for everyone and a decision as complex as this should not be made hastily but with comprehensive financial advice."
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