DB transfers on the rise; member communication remains paramount

Victoria Tichá
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More members are transferring out of DB pension schemes when informed of the option
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More members are transferring out of DB pension schemes when informed of the option

More members are transferring out of defined benefit (DB) pension schemes when informed of the option, which suggests trustees must think carefully about member communication, according to research.

While DB transfers can help manage the costs and risk of running a DB scheme, they have also started to appeal to a significant proportion of DB scheme members in recent years. The way schemes comm...

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