All change for
DB transfers - issue 18

Our viewpoint

Transfer quotation activity continues to slow-down as the transfer quotation rates fall to lowest level for over 3 years. 

  • The number of transfer quotations in Q4 2019 was down 17% from the previous quarter, with 1.2% of deferred members receiving a quotation in this quarter. This continued the fall off in activity seen in Q3 2019 and is the lowest level of transfer quotation activity since Q3 2016.
  • Take-up rates were also down this quarter with 22% of quotes paid out. This is well below the average take-up rate over the last 3 years of 28%. 
  • Of the quotes paid out, 73% were for members aged 55 and over; this is the highest proportion since we started our analysis on 1 January 2014.

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

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A changing landscape

A changing landscape

for corporate sponsors

We address the key challenge for corporate sponsors: how do we ensure members get their benefits without compromising shareholder value?

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