Nine out of 10 DB schemes report rise in transfer value requests

The survey from pension consultant Aon - which involved 300 defined benefit (DB) schemes ranging across all sizes in February - also showed 40% of schemes saw a "significant increase". Meanwhile, under a third (30%) of schemes said they had taken action to increase the level of automation of transfer value calculations over the last 18 months. It further demonstrated that 16% of schemes are "just following statutory requirements," and more than half (55%) said they include ‘working in retirement packs' about the transfer value option but do not include any figures. The same study f...