Transfer figures soar as £10bn leaves DB schemes in three months

'Intense scrutiny'

Hope William-Smith
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ONS: Close to £10bn was transferred out of DB pension schemes in the last quarter of 2019
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ONS: Close to £10bn was transferred out of DB pension schemes in the last quarter of 2019

Close to £10bn was transferred out of defined benefit (DB) pension schemes in the last quarter of 2019, according to figures from the Office for National Statistics (ONS).

This figures came as part of ONS data released on Monday (29 June) that also showed the total was over £5bn higher for Q4 than in Q3 last year. The ONS data also revealed a total £127bn has now been...

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