Alarm at 50% fall in number of DB pension transfer advisers

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The number of UK advisers offering defined benefit (DB) pension transfer advice has fallen by almost half since 2018, to just 41%, according to a report published today by Aegon and NextWealth. According to the survey (undertaken by Aegon and NextWealth) found just 41% of pension advisers are still offering DB advice, down from 56% in last year's survey. Aegon surveyed 227 UK-based financial advisers specialising in either direct advice or woring in partnership with pension transfer specialists. Their report, Retirement Advice in the UK, noted: "DB transfer advice has been a lucrat...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.