TPR estimates 100,000 DB transfers in 2017/18

In response to a freedom of information request, TPR said DB pension schemes had reported approximately 72,700 transfers in the period from 1 April 2017 and 31 March 2018. It pointed out these transfers were not specifically into a defined contribution scheme, while the total value of those transfers was approximately £14.3bn. It also added that not all schemes reporting that transfers took place had reported exactly how many transfers they had carried out. Taking into account non-responses, the regulator estimated the actual figure to be in the region of 100,000. This is a 25% rise o...