14 August 2019
Transfer quotation activity continues to slow-down and there is evidence of a declining interest from younger members.
- In Q4 2018, the latest set of quotations for which full payment experience has been realised, take-up rates have fallen since the previous quarter. Of quotations issued in Q4 2018, only 23% were taken up; this is the lowest take-up rate we have seen since Q2 2016.
- The total value of payments in respect of quotations provided in Q4 2018 fell to £43m with an average size of £396,000; this compares to the peak for quotations provided in Q1 2017 (£92m paid out with an average size of £627,000) and is the lowest total value since Q2 2016.
- The overall take-up rate in Q4 2018 was 23%; this is down from the previous quarter (26%) and much lower than the previous high of 34% (Q3 2017).
Accounting for Pensions 2019 - May report
Thought leadership report
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