End of the pension transfer boom may be looming

He said: "I do not think the demand for DB transfers is going to abate any time soon. The regulator has this area firmly in its crosshairs but the large firms that are able to put robust processes and controls in place for DB transfers should continue to be able to operate in this field.

"I would expect the number of firms advising in this area to decline but would watch for the larger players actively scaling up resource and systems to meet the huge demand."