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...

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

Pension Schemes Bill to unlock potential £600bn superfund market

Pension Schemes Bill to unlock potential £600bn superfund market

LCP says simplified gateway tests open up superfund opportunity to half of schemes

Jasmine Urquhart
clock 16 June 2025 • 1 min read
Tender Watch: Trustees of Sumitomo scheme appoint First Actuarial

Tender Watch: Trustees of Sumitomo scheme appoint First Actuarial

First Actuarial appointed to provide actuarial and administration services

Professional Pensions
clock 09 June 2025 • 1 min read
FIF25: Opportunities with DB pensions

FIF25: Opportunities with DB pensions

No ‘one size fits all’ approach to endgame, with changing allocations within DB schemes

Jasmine Urquhart
clock 04 June 2025 • 1 min read
Trustpilot