DB pension transfer activity reverses decline

DB pension transfer activity increased ‘marginally’ in May - reversing a downward trend - with transfer values remaining stable, according to the latest XPS Pensions monthly transfer report.

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DB transfers fall to record low

The rate at which pension savers were transferring out of their defined benefit pensions hit a new record low in April 2024, with only 14 members in every 1,000 transferring.

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XPS Pensions creates 11 new partners

Pensions consulting and administration business XPS Pensions Group has promoted 147 people, including 11 new partners, across its actuarial, pensions, investment, covenant, administration and SIPP businesses.

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XPS Pensions reports revenue up 20%

In a trading update today XPS Pensions Group reported revenue from continuing operations rose by 20% for the year ending 31 March 2024.

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