2016 DB transfers-in already exceed last year's total - Old Mutual Wealth

According to the investment service firm, a number of its customers who requested transfer value analysis earlier this year have returned to ask for another cash equivalent transfer value from their defined benefit scheme. The updated cash equivalent transfer values vary from scheme to scheme but are, on average, 10% to 20% higher than earlier in the year, Old Mutual Wealth said. "Nobody should enter into a DB transfer without being fully aware of the risks," Old Mutual Wealth pension expert Jon Greer warned. "It is vital to make a rounded assessment of the pros and cons in the conte...