Over half of DB members that spoke to IFA transferred out last year, finds Willis Towers Watson research

Michael Klimes
clock • 2 min read

A study has found 55% of defined benefit (DB) members who spoke to a financial adviser chose to transfer out to access the pension flexibilities in 2016-17, compared to just 36% the previous year.

Willis Towers Watson surveyed financial advisers and combined this with its own experience to find out what over 170,000 DB members across 350 schemes who spoke to their advisers had chosen do in t...

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