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

Majority of un-advised with stock investments have no financial plan

Majority of un-advised with stock investments have no financial plan

‘Many are realising the need for expert financial support in later life’

Hope Coumbe
clock 12 June 2024 • 1 min read
Financial wellbeing — what are advisers and planners measuring?

Financial wellbeing — what are advisers and planners measuring?

'Money should be our servant, and not our master'

Chris Budd
clock 12 June 2024 • 3 min read
Targeted support could lift 5 million people out of advice gap

Targeted support could lift 5 million people out of advice gap

‘Targeted support could move the dial and present business opportunities’

Isabel Baxter
clock 12 June 2024 • 1 min read