More members transferred out of defined benefit (DB) pension schemes in October after September's record lows while values were surprisingly stable, according to XPS Pensions Group's Transfer Watch.
Defined benefit (DB) transfer values continued to increase to yet another record high during July but the number of people opting to exit final salary schemes remains steady, according to XPS Transfer Watch.
Outcomes have improved for scheme members choosing to transfer, according to research by XPS Pensions.
The FCA’s consultation on banning contingent charging on DB transfer advice has closed. Kim Kaveh looks at the industry’s responses.
XPS Pensions has combined its transfer value index and its transfer activity index to create a transfer watch service to understand the trends and behaviours of members accessing the pension freedoms.