Aon conducted a recent survey of 300 final salary pension schemes in a Press Release.  According to them, one in ten schemes are appointing independent financial advisers to assist their members with transfers.

Ben Roe, Senior Partner said:
“These results represent a significant difference in members’ appetite for transferring and also in the mindset of schemes to the way they deal with (this) change. A more standard approach – involving offering advice and avoiding the risk of members making the wrong move – is gradually evolving and this is enabling more trustee boards to feel comfortable in initiating member options exercises.”