Number of savers advised to transfer from DB plummets

The FCA has published new data after receiving a freedom of information request

Hope William-Smith
clock • 1 min read
Number of savers advised to transfer from DB plummets

The number of pension savers advised to transfer out of defined benefit (DB) schemes has fallen ‘dramatically’ in the last 18 months, according to data obtained by Kroll.

The data and risk firm submitted a freedom of information (FoI) request to the Financial Conduct Authority (FCA) requesting data on recent trends in DB transfers covering April 2020 to September 20...

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