Average DB pension transfer tops £500,000, research finds
High valuations but low take-up rates
The average size of a transfer from a defined benefit (DB) pension scheme in the last quarter reached £556,000, according to research by Lane Clark & Peacock (LCP).
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...
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