New figures from the ONS, which point to a slowing of life expectancy increases, are good news for defined benefit pensions schemes, according to AJ Bell.

The Personal Finance Society has issued an updated good practice guide covering transfers from defined benefit to defined contribution pension schemes as it warned against bad practice harming the profession.

New figures released today showed that defined benefit pension schemes transfer values increased last month.

Around 80,000 transfers out of defined benefit pension schemes were made in the last year, a regulator has estimated.