Pensions - Articles - Transfer Activity index fell to record low in February 2025


XPS Group’s Transfer Activity Index has fallen to the lowest observed rate since the Index was established in 2018. In February 2025, there was an annualised rate of 13 members in every 1,000 transferring their benefits to alternative arrangements. This was the third consecutive month the Index had fallen, suggesting that members are becoming increasingly cautious when making decisions about their retirement arrangements.

 Meanwhile, XPS Group’s Transfer Value Index remained relatively stable over February 2025, ending the month only slightly lower than at the end of January, at £146,000. This is in line with the previous lowest month-end value recorded in December 2024 and was in part driven by a slight decrease in long-term inflation expectations.

 92% of cases reviewed by the XPS Scam Protection Service in February 2025 raised at least one scam warning flag, according to XPS Group’s Scam Flag Index. This is the highest level seen since June 2024 and marks a significant increase of 4% compared to the prior month.

 Helen Cavanagh, Senior Consultant, XPS Group, said: "The continued decline in transfer activity highlights a notable shift in member behaviour and could point towards a new norm within the transfer landscape. Although we have observed a jump in the Scam Flag Index this month, the average Index over the past 12 months is lower than the peak we observed in mid-2022 following the introduction of the transfer regulations in late 2021.”
  
  

Back to Index


Similar News to this Story

No retirement plan leaves you four times more stressed
Almost a third of people in the UK admit to having no plan for their finances in retirement (30%). People without plans are four times more likely to
Regulatory risk remains high on the list of schemes concerns
Aon has released the UK results of its ‘Global Pension Risk Survey 2025/26’, which highlights regulatory risk as a continuing concern for defined bene
PPF publishes latest PPF 7800 update for September 2025
This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.