Average DB pension transfer tops £500,000, research finds

According to the firm's research, this is the first time for three years that the average value has exceeded half a million pounds and is an increase of 30% compared with the previous quarter. The record figures - based on analysis of more than 80 DB pension schemes administered by LCP - reflect a combination of continuing low interest rates and, according to the firm, possibly a wariness among those with small pensions to take on investment risk during this time of economic uncertainty. Despite transfers breaking through the half-a-million-pound barrier, in the most recent quarter on...