Pensions - Articles - DB Transfer Values experience bounce following all time low

 XPS’s Transfer Activity Index saw a small decrease over November 2023, to an annualised rate of 21 members in every 1,000 transferring their benefits to alternative arrangements, which is the equal lowest value reported by the Index. The Index has been very stable in recent months, with only small changes in activity seen. Whilst the Transfer Value Index has risen this month, values are significantly lower than 18 months ago, which may be resulting in fewer people electing to transfer.

 90% of cases reviewed by the XPS Scam Protection Service in October raised at least one scam warning flag, according to XPS’s Scam Flag Index. Whilst this represents an increase of 6% compared to October 2023, this remains slightly lower than the trend over the past year. This is due to a greater number of members continuing to purchase immediate annuities, compared to this time last year.