Mixed picture on DB pension transfer activity amid volatile year

The research also found the average quotation size in Q3 was £252,000, a 24% decrease from the £330,000 seen in Q2, which also marked a seven-year low. LCP said the introduction of anti-scam rules, which have resulted in increasingly strict processes around transfers, and the rise in gilt yields have been significant factors in the decline of the transfer values being offered to members. Partner Jim Little said: "We are witnessing the slow death of DB transfers. In the last three months, interest in transfers in terms of people asking for quotes has been at its lowest level since the ...