DB transfer values bounce back to near 2019 highs - XPS

More members transferring

Hannah Godfrey
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“At XPS, around 25% of schemes we work with paused transfers initially but our most recent survey in mid-May showed only 6% continue to suspend quotations" - XPS's Mark Barlow.
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“At XPS, around 25% of schemes we work with paused transfers initially but our most recent survey in mid-May showed only 6% continue to suspend quotations" - XPS's Mark Barlow.

Defined benefit (DB) transfer values rose by nearly 4% in May, and the number of members taking a transfer value increased slightly from the record low observed in April, according to XPS Pensions Group.

XPS's transfer value index increased steadily throughout May, finishing the month at £258,000 up from £249,300 at the end of April. The increase was a result of a rise in long-term inflation expectations...

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