DB transfer compensation sinks to record low in Q3

Broadstone says redress values have continued to ‘tick down’ in 2024

Martin Richmond
clock • 2 min read
DB transfer compensation sinks to record low in Q3

Defined benefit (DB) transfer compensation continued to fall to record lows in the third quarter of the year, research from Broadstone shows.

The latest update from the firm's quarterly DB Redress Tracker found the level of compensation for a member who had been ill-advised to transfer out of their DB scheme is likely to have fallen by 9...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

PPF levy decision delay sparks hope of charge reduction or abolition

PPF levy decision delay sparks hope of charge reduction or abolition

Industry argues ‘multi-billion’ surplus means levy is no longer needed

Jonathan Stapleton
clock 13 December 2024 • 5 min read
Partner Insight: Investing in your risk settlement investment advice

Partner Insight: Investing in your risk settlement investment advice

Hatty Goodwin, Associate Partner, Aon
clock 13 December 2024 • 4 min read
Partner Insight: Protecting trustees after wind-up

Partner Insight: Protecting trustees after wind-up

Susannah Calder, Partner, Aon
clock 11 December 2024 • 5 min read
Trustpilot