Pension transfer activity hits lowest level in four years as values drop - XPS data

If replicated across all private sector, funded, UK, DB schemes this indicates that approximately 50,000 DB members leave their schemes each year, XPS said. "We often see a slump in transfer activity over the festive period, but this is the lowest rate of transfers we have seen since we started the index in 2018," said Mark Barlow, head of member options at XPS Pensions Group. "Although it's unlikely to be affecting activity significantly yet, it's interesting that this fall comes immediately after the introduction of the new transfer regulations, which provided trustees with the power t...