Here's our weekly heads-up on the stories that may have caught your clients' attention over the weekend ...
‘Brexit bonus' prompts many to reconsider pension transfer valuations The FT's Josephine Cumbo reported on defined benefit pension transfer values hitting record highs post-Brexit. As a little-known knock-on effect of Brexit, the drop in gilt and corporate bond yields has inversely caused the cost for companies of paying for future pension promises to increase. Consequently the value of a pension if transferred for a lump cash sum has been seen in some cases to rise to as much as 30 times the projected annual income for those currently in such final salary schemes, the report said. ...
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