Pension transfer totals hit £8.6bn in Q3 - ONS

The figure is down from a record quarter of £10.5bn in Q1 2018, but up slightly from the £8.2bn transferred between April and June earlier this year, which represented the first quarter-on-quarter fall of pension transfers since pension freedoms came into effect. AJ Bell senior analyst Tom Selby said: "Savers dashing to exit their defined benefit (DB) pension schemes has been one of the big stories of 2018, with the collapse of big-name sponsors like BHS and attractive transfer values tempting savers to swap stability for flexibility.  "The pension freedoms - and particularly the gene...