An annualised rate of 50 members out of every 10,000 transferred their pensions in December according to the XPS Pensions Group's transfer activity index — the lowest rate since XPS started tracking this activity four years ago.
Head of member options Mark Barlow said a "slump" in transfer activity was common over the festive period. "But this is the lowest rate of transfers we have seen since we started the index in 2018,"...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
