Mind the gap: How trustees can improve transfer out processes
Done properly, DB to DC transfers can benefit the member, the trustees and the sponsor. But, as Mark Evans says, there is need for improvements in the area of transfer out processes.
Once again, defined benefit (DB) pension transfers are hitting the headlines. It's worth taking a moment to remind ourselves where we have been, where we are, and, perhaps, where we need to go from here…...
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