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

LGPS Central to launch pooled global credit fund

LGPS Central to launch pooled global credit fund

Capital Group, J.P. Morgan Asset Management and Neuberger Berman hired as managers.

Jonathan Stapleton
clock 03 February 2026 • 2 min read
Vast majority of DB members confident about their pension

Vast majority of DB members confident about their pension

But insurer says confidence plummets at times of change, such as during a buyout process

Jonathan Stapleton
clock 02 February 2026 • 2 min read
Isio launches small to mid-sized DB scheme buyout service

Isio launches small to mid-sized DB scheme buyout service

PenUltimate designed to help schemes overcome ‘operational bottlenecks’ on the journey to buyout

Martin Richmond
clock 27 January 2026 • 2 min read
Trustpilot