Pensions - Articles - Transfer Activity Index hits lowest level since Index began


XPS Group’s Transfer Activity Index fell to its record low over August 2024 and matching 2018 levels, with an annualised rate of 14 members in every 1,000 transferring their benefits to alternative arrangements. Except for a brief increase in July 2024, transfer volumes have consistently remained at lower levels throughout most of 2024.

 88% of cases reviewed by the XPS Scam Protection Service in August raised at least one scam warning flag, according to XPS’s Scam Flag Index. This represents a slight decrease from the previous month and is in line with the average level of the index over 2024.

 XPS’s Transfer Value Index decreased marginally to £157,000 at the end of August. Throughout 2024 this Index has remained stable, hovering around the same value for eight consecutive months.

 Helen Cavanagh, Senior Consultant, XPS Group, said: "We have now witnessed significantly lower volatility in transfer values for over a year, with values over 2024 being particularly stable. However, Transfer Activity has returned to its lowest point since 2018, suggesting that this stable environment may not influence transfer volumes as much as the size of the transfer value itself.”

Back to Index


Similar News to this Story

Auto enrolment nets 800K more savers but challenges remain
89% of eligible employees were participating in a workplace pension in 2024. 21.7 million are saving into a workplace pension - more than double the 1
2025 to 2026 PPF levy invoicing on hold
We’re informing our levy payers that we’re putting the 2025/26 PPF levy invoicing on hold and expect to provide a further update this Autumn. The emai
Rethinking pension adequacy through a global lens
Festina Finance is urging UK policymakers to rethink what ‘pension adequacy’ really means, and to look to other countries for tried and tested solutio

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.