Year-on-year pension transfer values have grown for the third year in a row, according to research by not-for-profit fintech company Origo.

Between January and December 2017, transfer values stood at £30.9bn, up from £24.3bn during the previous year.

The rise amounts to a 27 per cent increase from the previous year. Overall transfer volumes have gone up by 15 per cent from 2016.