Nearly half of advisers could exit DB market in 12 months - Royal London and LCP

A joint research paper by Royal London and pension consultancy Lane Clark & Peacock surveyed more than 750 individuals working at adviser firms. Almost three-quarters (71%) of those had given DB transfer advice in the last three years. A third (35%) of respondents said they were unsure if they would be operating in the DB market in 12 months, while a further 8% planned to exit. Market exits The research paper asked respondents who had exited the market what caused them to leave. Of those, 82% cited issues with professional indemnity (PI) insurance as a reason they had stopped carryi...