![]() |
Research from Xafinity shows that, after a significant spike in March 2015, the number of members requesting transfer value quotations in respect of their Defined Benefit / Final Salary benefits has started to reduce. |
In the first three months of 2015 Xafinity observed a 60% increase in the number of members requesting transfer value quotations from Defined Benefit / Final Salary pension schemes. Since March 2015, however, the number of transfer value quotations being requested has started to tail off such that in May 2015 activity was just 15-20% higher than in January 2015.
Paul Darlow, Head of Proposition Development at Xafinity comments: “These figures suggest that, as April approached, there was significant pent-up demand from members who were considering transferring their pension benefits into the Defined Contribution environment in order to access the new flexibilities. Whilst the number of transfer value quotation requests has since begun tailing off, activity remains above that observed in January 2015. However, these overall figures mask some very significant variations between individual pension schemes – some pension schemes continue to experience activity levels consistent with (or even greater than) that seen in March 2015. As the payment of significant amounts of transfers can have a material impact on pension schemes, it remains important for Trustees to consider the actions suggested by The Pensions Regulator in its recent Guidance to ensure that their pension schemes are protected.” |
|
|
|
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Principal Actuary - Bermuda | ||
Bermuda - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Apply Your Doctorate to Technical Pri... | ||
Fully remote / nationwide / hybrid working options all available - Negotiable |
Senior Investment Manager | ||
London / hybrid - Negotiable |
P&C Consultant | ||
London / hybrid 3dpw office-based - Negotiable |
Senior Pricing Actuary | ||
London - £140,000 Per Annum |
Actuarial Pensions Manager | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
Financial Reporting in beautiful Bermuda | ||
Bermuda - Negotiable |
Principal Risk Analyst - island adven... | ||
Bermuda - Negotiable |
Make a difference within BPA Administ... | ||
North West / hybrid 50/50 - Negotiable |
GI Provisioning in the Public Sector | ||
London or Edinburgh / hybrid 3 dpw office-based - Negotiable |
Associate Actuary - Risk Transfer Con... | ||
Flex / hybrid 50/50 - Negotiable |
Assumptions Actuary | ||
London/Hybrid - Negotiable |
Senior Actuary | ||
London/Hybrid - Negotiable |
Senior Investment Trainee | ||
London or Edinburgh / hybrid 50/50 - Negotiable |
Pensions Manager | ||
Any UK office / hybrid 2 dpw office-based - Negotiable |
Actuarial Reserving Senior Manager | ||
London / hybrid - Negotiable |
Senior Actuarial Consultant – GMPe | ||
Any UK Office location / Hybrid working - Negotiable |
Senior Life Actuarial Consultant | ||
London / hybrid 3 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.