UK: Transfer value experience – Q2 2023
We have analysed defined benefit (DB) cash equivalent transfer values (CETVs) over the twelve months to 30 June 2023. Q2 2023 was the third lowest quarter for transfer value activity, only beating two previous sector impacted by extraordinary market volitility – Q2 2020 (the first pandemic lockdown) and Q4 2022 (the ‘mini-budget’). Taken overall, our analysis suggests that over the past four years there has been a 20% fall in the number of transfer quotations…
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