Defined benefit (DB) transfer values fell sharply during September, returning to levels seen in early August, according to Xafinity's transfer value index.
The value of Xafinity's hypothetical pension reduced by 4% throughout September from £240,000 in the first week to £230,000 by the end of the month. The difference between the maximum and minimum readings...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months