XPS Pensions: Up to 1.5% of eligible members quitting DB schemes each month

The new monthly index tracks the number of members leaving schemes and the value of pension transfers. The index, which will be issued in the second week of each month, revealed that while transfer values remain high, the number of transfers is also significant. Due to current low yields, XPS suggested members are more likely consider leaving their schemes so these numbers will remain high. It showed around 1%-1.5% of eligible members left the schemes administered by XPS each month up to April 2019, which, although a small percentage, is a significant number of individuals. If this tr...