Pension transfers leaving savers at risk of being worse off in retirement

People’s Partnership finds over a third cite streamlined finances as reason for transfer

Martin Richmond
clock • 3 min read
Pension transfers leaving savers at risk of being worse off in retirement

Retirees could be left more than £70,000 worse off in their retirement due to a lack of awareness around fees and charges when transferring their pension, research from People’s Partnership finds.

The research, conducted by the provider of The People's Pension, which provides the pension to 6.5 million people across the UK, surveyed 1,000 defined contribution (DC) members aged between 18 and...

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