Pensions transfers up 44% since pension freedom - Origo

In 2017 alone, almost £31bn of pensions money was moved by the service, across more than half a million transfers throughout the year, with an average pot size of £57,000. This represents an increase of 27% since 2016, when Origo transferred some £24.3bn of pensions money, and 44% since the pensions freedoms were introduced in 2015, when it transferred £21.5bn. SIPP business booming The data showed transfers into SIPPs dominated the pension transfer market in 2017, accounting for more than half (51%) of all transfers-in through the service. It also identified a 30% increase in volum...