DB pension advice: Redress liabilities dip below 5% of transfer values

The firm's Redress Tracker revealed a "considerable drop" in the financial risk associated with DB redress pension redress due to market changes including the falling price of annuities. The actuarial business said just four years ago, redress was typically about 40% of the transfer value – significantly higher than its latest findings. First Actuarial said many firms are "aware" redress has been dropping, with its tracker – which reflects a range of notional individuals and pension schemes rather than basing redress movements on one theoretical individual – offering an understanding ...