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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB transfer values fall to third consecutive month-end low, XPS finds

DB transfer values fall to third consecutive month-end low, XPS finds

Transfer Value Index shows a record low in May after previous lows in March and April

Martin Richmond
clock 25 June 2025 • 2 min read
Majority of schemes see at least one barrier on journey to endgame

Majority of schemes see at least one barrier on journey to endgame

LCP survey finds cyber risk remains the biggest concern for schemes

Martin Richmond
clock 24 June 2025 • 3 min read
Partner Insight: Securing protection for trustees

Partner Insight: Securing protection for trustees

Aon
clock 19 June 2025 • 1 min read
Trustpilot