ONS
DB pension transfers hit £10bn in Q4 2019
Nearly 100% increase from the total withdrawn in the previous quarter
Covid-19 deals ‘striking’ blow as UK economy contracts 2%
‘Markets are now putting any last hopes of a v-shaped recovery to rest’
Private pension wealth rises 69% in a decade
But UK government data shows the need to address the ‘yawning chasm of gender inequality’
Significant shift in UK’s pension landscape
Retirement industry has undergone drastic change since 2013
Have UK pension freedoms passed their peak?
Transfers dropped 20% in the last quarter of 2018