The number of defined benefit (DB) scheme members transferring to defined contribution (DC) has more than doubled in a year, Xafinity figures have shown.
The estimated defined benefit (DB) transfer value remained fairly stable in March, falling by just £2,000, despite expected volatility.
Master trusts will face a new tax registration process aimed at boosting savers' protection and aligning it with the incoming authorisation process.
Defined benefit (DB) transfer values rose by £31,000 over 2016 thanks to a fall in gilt yields, according to Xafinity's monthly index.