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DB transfer values fall to lowest month-end level for 7 years
93% of cases raised at least one scam warning flag in May
19 million Brits over 50 will not consider annuities
Less than a third have or would contemplate buying one
UK firm rolls out blended retirement income solution
It will allow advisers to offer clients a mix of drawdown and annuity strategies
Just 1% of completed pension transfers had red or amber flags
DWP review also finds ‘overseas investment amber flag needs to be more clearly defined or removed’
Annuity rates rise 20% in the last year
A 65-year-old with a £100,000 pension can get up to £7,144 per year