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

Directly authorised numbers fall as networks continue to attract advisers

Directly authorised numbers fall as networks continue to attract advisers

‘The DA market is shrinking’

Isabel Baxter
clock 12 March 2026 • 3 min read
Almost half of clients report increase in advice fees

Almost half of clients report increase in advice fees

One of five advisers plan to increase initial fees in next 12 months

Isabel Baxter
clock 12 March 2026 • 2 min read
Treasury Committee launches inquiry into student loans

Treasury Committee launches inquiry into student loans

‘This inquiry is about fairness’

Isabel Baxter
clock 12 March 2026 • 2 min read