April’s activity in the defined benefit (DB) transfer market fell to the lowest level since September last year, dropping by almost a quarter, while the number of transfers showing ‘red flags’ for scams increased to a three-month high, according to pensions consultancy XPS Pensions Group.
The latest statistics show a rate of 55 in every 10,000 members transferring per year, down from March's high of 68 in every 10,000. The slump in activity comes after a period of recovery earlier in...
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