DB transfer activity falls to lowest point in six months

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...