Transfer values fell a further 6% in January – a second successive low-record month
XPS Pensions Group's index climbs to £270,000
Many members taking transfers cite the lack of flexibilities within their existing scheme
Total fees paid by transferring DB scheme members reach highest levels since 2018
Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.
XPS is piloting a fully-flexible working policy that allows its 1,300 strong workforce to choose where they work.
The full impact of the pandemic means many defined benefit (DB) schemes will have now overestimated the life expectancies of their members, research suggests.
Professional Pensions rounds up some of the latest tender awards from across the industry.
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
The Association of Member-Nominated Trustees (AMNT)has called for trustees to take positive action in order to recruit new trustees to scheme boards.