DB transfer values heading towards record highs

Transfer values rose sharply during July, while transfer activity dipped slightly over the month

Holly Roach
clock • 2 min read
Scam activity dropped by one percentage point over the course of July but remains high
Image:

Scam activity dropped by one percentage point over the course of July but remains high

Defined benefit (DB) transfer values rose sharply in July and neared record highs, according to XPS Pensions Group.

The firm's Transfer Watch revealed that transfer values reached £260,000 in July, just shy of the £261,500 record high in July 2020. For comparison transfer values sat at £248,000 in June 2021 and ...

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

Just four firms manage 80% of £1.1trn pension scheme assets

Just four firms manage 80% of £1.1trn pension scheme assets

LCP finds over half of new professional trustee appointments went to four firms since April last year

Jasmine Urquhart
clock 17 September 2025 • 3 min read
ONS estimates of very old increase in number

ONS estimates of very old increase in number

Around 15,000 have reached 100 or over as of 2024, compared to half as many 20 years ago

Jasmine Urquhart
clock 03 September 2025 • 2 min read
Tender Watch: Emerson selects LifeSight as master trust provider

Tender Watch: Emerson selects LifeSight as master trust provider

LifeSight will cover all active, deferred and drawdown members of the pension scheme

Professional Pensions
clock 27 August 2025 • 1 min read
Trustpilot