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...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Pensions Commission – Political consensus crucial for enduring reform

Pensions Commission – Political consensus crucial for enduring reform

Commission’s interim report expected to be published in Spring 2026

Martin Richmond
clock 07 May 2026 • 2 min read
Rising Star Awards 2026: One week left to nominate!

Rising Star Awards 2026: One week left to nominate!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 07 May 2026 • 2 min read
Broadstone launches service for DB schemes with legacy insured contracts

Broadstone launches service for DB schemes with legacy insured contracts

Offering will support ‘neglected’ trustees and sponsors with complex and high-cost schemes

Jonathan Stapleton
clock 07 May 2026 • 2 min read
Trustpilot