New low in transfer activity amid rise in scam warnings

Transfer values fell a further 6% in January – a second successive low-record month

clock • 1 min read
New low in transfer activity amid rise in scam warnings

Defined benefit (DB) pension transfer values fell by a further 6% in January 2022, according to XPS Pensions Group’s transfer activity index, with a lack of accessible advice identified as a leading cause.

The fall represents another record low since XPS started tracking activity in 2018, with an annualised rate of 47 members out of every 10,000 having transferred their pensions across the month. ...

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

Tender Watch: Pensions Archive Trust appoints Barnett Waddingham

Tender Watch: Pensions Archive Trust appoints Barnett Waddingham

Consultancy will provide the trust with pro bono secretariat and governance support

Professional Pensions
clock 02 June 2026 • 1 min read
Majority of DB schemes considering surplus extraction, L&G finds

Majority of DB schemes considering surplus extraction, L&G finds

Firm said ‘thorough preparation’ is key for schemes intending to complete a PRT deal

Holly Roach
clock 31 March 2026 • 3 min read
Buyout 'falls away' as run-on becomes 'dominant' endgame option for large schemes

Buyout 'falls away' as run-on becomes 'dominant' endgame option for large schemes

Research shows 70% of the largest DB schemes targeting run-on compared to 4% targeting buyout

Holly Roach
clock 30 March 2026 • 2 min read
Trustpilot