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

clock • 2 min read

Some 90% of pension schemes have seen an increase in the number of requests from members for transfer values over the last 18 months, according to a study.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

King's Speech has limited impact on pensions

King's Speech has limited impact on pensions

Pensions UK says there may be pension implications from other aspects of the legislative programme

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Pensions and divorce: Where advisers can add the most value

Pensions and divorce: Where advisers can add the most value

'A pension is not simply another line on a balance sheet'

Tim Latham
clock 12 May 2026 • 4 min read
'A paralysis of the UK pension system' - The reality of transfer delays

'A paralysis of the UK pension system' - The reality of transfer delays

Provider ‘stalling’ causing tense SASS client case

Isabel Baxter
clock 12 May 2026 • 6 min read