Covid-19 puts brakes on DB pension transfer activity

Down again from March

Hannah Godfrey
clock • 1 min read

The coronavirus crisis has put the brakes on pension transfer activity, as the number of members taking a transfer value fell to a record low in April, according to data from XPS Pensions Group.

XPS's transfer activity index recorded an annual equivalent of 0.58% of eligible members completing transfers in April, down from 0.76% in March - the previous record low. The number of members ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB surpluses remain at 'record levels', XPS says

DB surpluses remain at 'record levels', XPS says

November shows aggregate surplus at around £211bn, with a record 117% funding level

Jasmine Urquhart
clock 05 December 2024 • 1 min read
Partner Insight: Run-on – Buying time to buyout

Partner Insight: Run-on – Buying time to buyout

Leah Evans, Partner, Aon
clock 05 December 2024 • 4 min read
DB scheme funding levels remain steady in November, Broadstone finds

DB scheme funding levels remain steady in November, Broadstone finds

Sirius Index shows slight movements in funding levels following Autumn Budget and US election

Martin Richmond
clock 05 December 2024 • 1 min read
Trustpilot