According to the Office of National Statistics (ONS), in 2016 some Â£12bn was transfered from DB to Personal Pensions. In 2017, the number is Â£34bn. Thatâ€™s a big number, and most IFAs are on one per cent. If so, the industry would be sharing Â£360m per annum between 12,000 advice firms, of whom about 2,000 can do DB transfers, or a total of Â£180k per annum per firm from this source alone. No doubt you can trim the numbers â€“ for instance for those avoiding each of the following the IFA,the one per cent and remaining invested. But still, that is a big number, and by all accounts it is growing. The biggest of them all is the BT scheme and that too seems to be reaching a crisis point. The firm has announced the closure of its defined benefit scheme and has agreed to develop a 'hybrid' solution with the Communication Workers Union.