DB transfer compensation more than halves in Q1

Compensation has reached ‘fresh lows’ after financial conditions soften

Holly Roach
clock • 1 min read
DB transfer compensation more than halves in Q1

Defined benefit (DB) transfer compensation has more than halved since the start of the year due to softening of financial markets, actuarial consultancy OAC says.

The firm's DB Redress Tracker revealed a previously ill-advised transferrer submitting a complaint could be due around £12,000 in compensation, which compares to around £29,000 at the start of 2024...

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