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All change for
DB transfers - issue 9

Our viewpoint

In this issue we find:

  • Quotation rates have maintained their high levels throughout this year. While Q3 2017 figures show a small decrease from Q2, the proportion of deferred members requesting quotations has been stable during 2017 with around 2% of deferred members now requesting a quotation every quarter. The next few quarters will show if this level becomes the “new normal” for quotation activity.
  • The total amount transferred out from LCP administered schemes was over £90m for quotations provided in Q1 2017, a 250% increase compared to the same period in 2016 and nearly 30 times the level when we started our analysis in Q1 2014.
  • The average transfer value paid out was over £600,000, more than 2 1/2 times the average house price in the UK.

Speak to our experts Bart Huby or Jim Little for more information.

Click here to read the update

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