Transfer values likely to rise

Thousands of UK defined-benefit pension scheme members could see increases in the transfer values of their pensions, according to government proposals. In June, the UK's Department of Work and Pensions (DWP) released a consultation paper outlining a variety of solutions to the contentious issue of transfer values of occupational pensions.

The DWP is looking to replace the 20-year old GN11 regime, which has come under increasing criticism since market-consistent valuation became the norm for v