DB transfer activity increases after 'record low' in April

Transfer Value Index remains stable but activity remains low

Jasmine Urquhart
clock • 1 min read

Defined benefit (DB) transfer activity increased in May, but reflected a long-term trend of low transfer volumes, according to XPS Pensions Group.

The consultancy's monthly Transfer Activity Index saw 19 members out of 1,000 transfer their benefits, up from 14 out of 1,000 the previous month, but below 20 members for the sixth consecutive month. Source: XPS The Transfer Value Index also increased slightly from £155,000 to £156,000, reflecting stability following small increases in long-term inflation, gilt yields and lower volatility – after a 3.4% decline in April. Source: XPS The Scam Flag Index also saw a 1% increase in transfer cases that raised at least one scam flag warning, up to 89% of cases reviewed by XPS' scam pro...

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