DB transfers increase 166% in Q1 - Xafinity

Requests for transfer value quotation up 70%

Victoria McKeever
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Paul Darlow: "It is clear 2017 is going to be another interesting year for DB schemes"
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Paul Darlow: "It is clear 2017 is going to be another interesting year for DB schemes"

The number of defined benefit (DB) pension transfers 'skyrocketed' in Q1, according to the latest research from Xafinity, which reported a 166% increase year on year.

The research found the number of completed DB transfers had been relatively stable month on month up until October last year. Since then activity ‘increased significantly' and the number of transfers completed...

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