Cost of poorly informed pension transfers up 42%, with £1.7bn lost

People’s Pension finds 42% more lost from poorly informed decisions since previous year

Jasmine Urquhart
clock • 2 min read
Cost of poorly informed pension transfers up 42%, with £1.7bn lost

There has been a 42% increase in the amount lost through poorly informed pension transfer decisions, according to analysis from People’s Pension.

The analysis from the provider's Pension Transfer Outcomes Index, which was based on 20 interviews by Ignition House and a YouGov sample of 2,157 adults, found £1.7bn was lost from such decisions i...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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