Advisers expect DB transfers to increase by a third

Could mean higher FSCS levy, adviser warns

Hannah Godfrey
clock • 2 min read

Advisers expect defined benefit (DB) pension transfers to increase by a third during the next 12 months, according to a survey by Old Mutual International.

Almost three quarters (71%) of UK based advisers surveyed said they expected transfer demand to increase in the next 12 months. Internationally more than a third (35%) of advisers expected to see more pension transfers throughout the next year. When asked to predict by how much, advisers across the UK and internationally agreed demand would increase by an average of a third (33%). The survey was carried out by Old Mutual International in May, and asked 210 advisers across the UK, Europe, the Middle East and Asia. It found DB pension transfers were trending in all four regions bu...

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