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LCP says DB transfers have hit near ten-year lows in 2023
Defined benefit (DB) transfer take-up rates stood at 4% during Q2 2-23, a near record low, data from Lane Clark & Peacock (LCP) shows.
During the last quarter for which there is full data, average transfer values paid stood at £198,000, a nine-year low since LCP started collecting data in Q1 2014. During that quarter, the total...
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