MPC members narrowly voted to raise interest rates by 25bps after inflation fell
Value fell by 7% in May to lowest month-end figure since XPS launched index in 2016
Firm said discussions are ‘ongoing’ and a further announcement will be made
Latest research helps unpack the issues at the heart of low scheme member engagement
XPS Pensions Group questions ongoing financial advice chargers
Firm also saw strong growth across its advisory and administration businesses
Rates of scam warning flags rises for the fourth consecutive month
As many as 70% of transfer requests are showing scam warning flags
Regulatory pressures are not the most important factor for consolidating
Transfer values fell a further 6% in January – a second successive low-record month