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NEWS WRAP – 2019 Was the Year of the Bulk Pension Transfer
The value of defined benefit pension scheme transfers in 2018 was an all time-high of £24 billion.
In 2019 the value of pension scheme transfers, according to Willis Towers Watson (WTW)*, is likely to be around £40 billion, which represents a substantial increase and a further record breaking amount.
The figures describe a market in which final salary pension schemes are increasingly transferred in favour of the opportunities and returns to be found in alternative products and investments.
Netherlands Ranked First for Pensions
Few financial decisions are as important to an expat as the question of how and where they invest into a pension scheme.
This is why the Melbourne Mercer Global Pension Index is so useful in terms of assessing the adequacy, sustainability and integrity of different nations’ pension systems. The 10th edition of the index was recently published and makes for interesting reading from an expat pension perspective.
The top spot in the list of 34 national pension systems was gained by the Netherlands having scored 80.3 – just a tenth of a point ahead of last year’s winner, Denmark.