DB transfer compensation estimated to fall again in Q3 – Broadstone

Broadstone’s latest Defined Benefit (DB) Redress Tracker for Q3 2026 showed that compensation for DB transfers is expected to fall again. 

The central estimate for Q3 2026 is a gain of £59,000, higher than the £40,000 gain seen in the previous three quarters.

Simon Robinson, senior consultant and actuary in Broadstone’s insurance advisory and remediation division, said: “Markets experienced a quarter of significant volatility following the conflict in Iran, yet strong investment returns and a reduction in inflation expectations following an uneasy truce in the Middle East saw redress levels fall further.

“With DB transfer redress falling further, our central estimate continues to find that in the majority of cases, compensation would not be payable to consumers given the expectation of an increasing gain since their transfer.

“It is important to note that this estimate will not be uniform across all consumers.”

Robinson added: “In some cases, factors such as investment performance or the time of transfer, for example, may result in redress being payable.

“It means that firms must remain diligent and asses each claim on its own merit rather than assuming no compensation will be due, despite the overall significant downtrend in redress calculations.”