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...

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