DB transfer scam warnings hit 5 month high

The number of defined benefit pension transfers with at least one warning sign of a potential scam or poor member outcomes has hit its highest level in five months.

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Contingent charge ban slashes DB transfers 

The number of DB transfer requests has fallen dramatically since the FCA introduced a ban on contingent charging last year, according to analysis from actuarial firm LCP.

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DB transfer activity falls but red flag cases rise

Defined benefit pension (DB transfer) activity fell to its lowest level since September 2020 in April but red flag cases rose to a three-month high.

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DB transfer values rebound in March

 

DB pension transfer values recovered in March after dipping in February, according to the monthly XPS Transfer Watch.

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