Covid-19 puts brakes on DB pension transfer activity - XPS

Down again from March

Hannah Godfrey
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“The ongoing Covid-19 crisis has predictably caused a dip in transfer activity" - XPS's Mark Barlow.
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“The ongoing Covid-19 crisis has predictably caused a dip in transfer activity" - XPS's Mark Barlow.

The coronavirus crisis has put the brakes on pension transfer activity, as the number of members taking a transfer value fell to a record low in April, according to data from XPS Pensions Group.

XPS's transfer activity index recorded an annual equivalent of 0.58% of eligible members completing transfers in April, down from 0.76% in March - the previous record low. The number of members transferred...

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