Over one third unsatisfied with DB transfers

Results from FCA survey finds few have discussed transfers with an adviser

Jasmine Urquhart
clock • 2 min read
OAC head of redress solutions Brian Nimmo: DB members need to be sure they are making the right decision when transferring
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OAC head of redress solutions Brian Nimmo: DB members need to be sure they are making the right decision when transferring

Just over two thirds (69%) of those who transferred their defined benefit (DB) pension to a defined contribution (DC) pot in the past four years were satisfied with their decision, OAC analysis of a survey has found.

Looking at data from the Financial Conduct Authority's (FCA) Financial Lives Survey, the consultancy found 10% of those with DB pots had considered a transfer, but of these just 36% had discussed t...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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