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Most DB schemes to quote transfer value in pension statements

Most DB schemes to quote transfer value in pension statements

More than half of UK defined benefit (DB) schemes are planning to quote the transfer value of their members' pensions on retirement statements, new research has revealed. According to a report from Chicago-headquartered consulting firm Aon Hewitt, 36% of DB schemes with funds over £100m ($156m, €142m) said they will quote the transfer value in light of new pension freedoms introduced in April. Please link to International Adviser to read the full article by Katherine Denham.

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