Defined benefit (DB) transfer activity has "passed the peak point" after the market dropped some 20% in six months, according to the latest data from the Office for National Statistics (ONS).
According to the data, the pension transfer market dropped from £8bn in Q2 2018 to £6.3bn in Q4, representing a drop of 20%. AJ Bell senior analyst Tom Selby said the findings could suggest we have...
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams