DB transfer activity falls to lowest point in six months

XPS finds transfer activity levels have hit record lows

Martin Richmond
clock • 1 min read

Defined benefit (DB) transfer activity fell to record lows in April, research from XPS Pensions Group finds.

The latest data from the consultancy's transfer activity index (TRI), which shows the annualised proportion of members transferring out of XPS-administered schemes, revealed April's figures hit a record low, with an annualised rate of 14 members in every 1,000 transferring their benefits to alternative arrangements. XPS said this marked a continuation in the decline of transfer activity and was the fourth time the index has fallen to a record low over the course of the past year. Source: XPS Pensions Group The consultancy's transfer value index found DB transfer values also fell...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Economic abuse: Why advisers need to understand this hidden form of financial harm

Economic abuse: Why advisers need to understand this hidden form of financial harm

'Economic abuse presents a particular challenge because it is often invisible'

Shelley Read
clock 28 October 2026 • 3 min read
Deal Dive: The bigger advice deals keep coming

Deal Dive: The bigger advice deals keep coming

What Q3 2026 had in store

Isabel Baxter
clock 27 October 2026 • 3 min read
Chancellor in 'straitjacket' with low-key Budget anticipated

Chancellor in 'straitjacket' with low-key Budget anticipated

Analysts expect event focused on fiscal prudence

Jack Roach
clock 27 October 2026 • 5 min read