Defined benefit (DB) transfer values stayed fairly steady over October, rising from £230,000 to £231,000 by the end of the month, according to Xafinity.
The consultancy's monthly index tracks the transfer value that would be provided by an example DB scheme to a member aged 64, with a £10,000 annual entitlement from age 65, increasing each year in line...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.