DB transfers have 'passed their peak'

£92bn transferred since 2015

Hannah Godfrey
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"The Financial Conduct Authority’s increased focus on the market has undoubtedly had an impact, forcing a number of advisers to exit the market" - AJ Bell's Tom Selby
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"The Financial Conduct Authority’s increased focus on the market has undoubtedly had an impact, forcing a number of advisers to exit the market" - AJ Bell's Tom Selby

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...

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