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...
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