Pension provider and consultant XPS Group says it has connected more than 600,000 pension scheme members and more than 20 schemes to the Pensions Dashboard’s Central Digital Architecture since April.

The number of pension transfers has risen to its highest level since August 2023, indicating that they may be regaining popularity.

Work and Pensions Secretary Liz Kendall has confirmed that the third statutory Government review into when and how to raise the State Pension age will begin straightaway.

Pension transfer values fell to a new month-end low in May, the third consecutive monthly record.

The Pensions Regulator (TPR) says it expects DB schemes to switch their focus from deficit recovery to ‘endgame planning’.

Defined benefit pension transfer activity has fallen to its lowest rate since the XPS Group’s Transfer Activity Index was established in 2018.

Defined benefit pension transfer values fell to their lowest value for six years at the end of December after a significant decline in the final quarter, according to pension provider and consultant XPS’s Transfer index.