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DB transfer quotation take-ups and transfer values have reached low levels in 2023, LCP says
Average transfer take-up rates have hit an “all time low” while transfer values have hit their second lowest level since Q2 2015, analysis by Lane Clark & Peacock (LCP) has found.
The firm's defined benefit (DB) transfer report for Q1 2023 showed only 3% of transfer quotations have been taken up, the lowest level since LCP's survey began in 2014, and down from the 2017 high ...
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