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...

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