£20 notes lying on table to depict UK pension transfer values

Emma Agyemang (Financial Times, 29/08/2020) writes about; the upsurge in pension transfer values during Covid, the fall in overall pension transfer activity, and possible impact of new contingency charging on finding good advice…

“Size of final salary pension transfer values soar during lockdown”

“Average values rise by 30 per cent to £550,000 as those with smaller pots retreat.

The average value of a final salary pension transfer rocketed to more than half a million pounds during lockdown as falling markets spooked those with smaller pots from transferring out.”

 

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Size of final salary pension transfer values soar during lockdown