Just one fifth of DB members have enough confidence to transfer
Only a fifth of defined benefit (DB) members believe they can make an informed decision to transfer out of their scheme, a survey has revealed.
According to research by LV= many people still lack confidence to make key decisions about pensions despite the fact freedoms have existed for nearly two years. The survey conducted online by Opinium...
More on Defined Benefit
Hargreaves Lansdown remains slowest on pension transfers
NFU Mutual the fastest
Regulator's gateway guidance could set 'too high a hurdle' for superfunds
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
TPR: Just 4% of schemes have agreed DRC deferrals
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
DB funding - September 2020: PPF 7800 records £26bn deficit increase
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…
The unstoppable force paradox: Supply and demand in the DB transfer market
Philip Dickinson looks at the impact of Covid-19 on the transfer market and how schemes and advisers can support members.
