Defined benefit transfer values increased to another record high during July, according to a new report.

Almost £10bn was transferred out of defined benefit pensions in the final quarter of 2019, according to official data.

A new poll of Personal Finance Society members suggests nearly 90% of Financial Planners will never return to the way they worked before the pandemic.

Defined benefit (DB) transfer values increased by nearly 4% during May and the number of members taking a transfer value rose slightly from the record low observed in April.