14 June 2021
•
3 min read
Image:
XPS Pensions Group's Mark Barlow.
The contingent charging ban has already had a sizeable impact on defined benefit (DB) pension transfers, with take up at the lowest it has been since 2016, according to Lane Clark & Peacock (LCP).
In DB transfer analysis data released today (14 June) the consultancy found 25 in every 10,000 DB members had transferred to a defined contribution arrangement in the third quarter of 2020 - the most recent...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
