Typical DB transfers worth more than the average house price

The provider found the most common transfer value lay in the range of £250,000 to £500,000. By comparison, the average UK house price was £216,000 in March 2017, it said. Royal London said the volume of transfers out of final salary pension schemes had grown more than 50% in the last year. The firm had surveyed more than 800 financial advisers, and found the vast majority of clients transferring were in their 50s, with the typical cash sum offered worth between 25 and 30 times the value of the annual pension given up. However, according to one in four advisers most of the transfers...