The evolution of member options
Supply & demand - what does the future hold for DB member options?
01 Oct 2019 - Estimated reading time: 15 minutes
In part one of our 'evolution of member options' series, we explore the key influences on the future of member options, and the role of you as a trustee in providing adequate support.
c.£80bn has already been transferred from DB schemes since the pension freedoms were introduced over four years ago. Despite recent headlines around demand slowing down, the opportunity to transfer has clearly continued to resonate with members, with a staggering £30bn being moved in the last twelve months alone.
So what could the future hold? In part one, we look at the main drivers that will impact the supply and demand for member options, and what actions trustees should be taking in response.