Pension enquiries soar in downturn

Pension enquiries from scheme members have soared because of fears triggered by turmoil in the financial markets, says Aon Consulting. The firm reported a leap in the volume of retirement (60%) and transfer value quotation (74%) requests it received in September, compared with the same time last year. The total number of retirement quotation and transfer value quotation enquiries by scheme members has risen by 63%.