Companies and trustees should “strongly consider” putting in place a support framework for defined benefit (DB) members to ensure that they make the right decision about potential transfers, Barnett Waddingham says.
The call comes after research from the consultancy, published today (27 September), showed £300bn was paid out of FTSE 350 schemes to members between 2015 to 2020 - an estimated £45bn due to the introduction...
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