DB transfer volumes hit five-year low

XPS finds transfer activity hit record lows despite recovering transfer values

Martin Richmond
clock • 2 min read
DB transfer volumes hit five-year low

Defined benefit (DB) transfer activity fell to its lowest level for five years in the final month of 2023, research from XPS Pensions Group has shown.

The latest data from the consultancy's Transfer Activity Index revealed the index experienced a consistent downward trend in 2023 and by the end of the year, it recorded an annualised rate of 18 me...

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

LGPS funding level hits record 125% in Q4 2024

LGPS funding level hits record 125% in Q4 2024

Isio’s Low Risk Funding Index measures end of year surplus at £85bn with assets exceeding £415bn

Jasmine Urquhart
clock 15 January 2025 • 2 min read
Just Group records 36% increase in retirement income sales in 2024

Just Group records 36% increase in retirement income sales in 2024

Insurer says it completed a record 129 de-risking transactions throughout the year

Martin Richmond
clock 15 January 2025 • 2 min read
Will concentrating LGPS assets into ever larger megafunds make them fit for the future?

Will concentrating LGPS assets into ever larger megafunds make them fit for the future?

Stephanie Hawthorne takes soundings on the government’s latest consultation

Stephanie Hawthorne
clock 14 January 2025 • 13 min read
Trustpilot