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

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Some 16% of schemes are just following statutory requirements
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Some 16% of schemes are just following statutory requirements

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...

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