Over the course of a 12 month period, almost three-quarters (72%) of defined benefit (DB) transfer advice offered to savers ended in a positive recommendation to transfer, a freedom of information request by AJ Bell has revealed.
The average transfer value in that year-long period, between 1 October 2016 and 30 September 2017 was £398,545. In the 12-month period that followed, from 1 October 2017 to 30 September 2018, the percentage...
Wider reform desperately needed
SIPP claims up 114% year on year
Bought BHS for £1
Roughly 1% eligible consumers transferring
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30 years experience
It’s The Pro Adviser Podcast
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£3.4bn released last year