Record high fees recorded after all-time transfer peak

Total fees paid by transferring DB scheme members reach highest levels since 2018

Hope William-Smith
clock • 2 min read
Record high fees recorded after all-time transfer peak

The record high defined benefit (DB) transfer values seen in August have resulted in the highest average transfer fees recorded by XPS Pensions Group.

Total fees paid by transferring DB pension scheme members in the year to 31 March 2021 are the highest since XPS began its member outcomes survey in 2018. The average ongoing cost - which has in...

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