Pension transfer values rising despite funding fall

The independent financial adviser said one case it reviewed saw an offer to transfer out of a defined benefit scheme increase by 85% between July, last year and January. The firm says the increase is "almost certainly" due to changes in transfer values regulations last October, revised mortality assumptions following last year's guidance from The Pensions Regulator and low gilt yields. Pensions analyst Laith Khalaf says: "While it still makes sense for the vast majority of people with final salary benefits from a previous employer to leave them where they are as they do not shoulder any...