Defined benefit (DB) transfer values flew close to record highs during May as the number of transfers increased over the month, according to XPS Pension Group's Transfer Value Index.
The index rose to near-record highs during May but ended the month at £241,500, down slightly from the £242,300 recorded at the end April. According to XPS, the rise was driven by a fall in government...
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