UK market volatility adding 'uncertainty' to DB transfer redress costs

First Actuarial points to a ‘great deal’ of redress variance in March

Holly Roach
clock • 1 min read
UK market volatility adding 'uncertainty' to DB transfer redress costs

The instability of UK markets is causing “uncertainty” around defined benefit (DB) transfer redress costs, according to First Actuarial.

The firm noted during March there was a "great deal of variance in redress from one day to the next", with daily variations of between 5% and 10% seen for calculations. Head of its pensions redr...

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Holly Roach
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Holly Roach

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