DB transfer volumes hit five-year low

XPS finds transfer activity hit record lows despite recovering transfer values

Martin Richmond
clock • 2 min read
DB transfer volumes hit five-year low

Defined benefit (DB) transfer activity fell to its lowest level for five years in the final month of 2023, research from XPS Pensions Group has shown.

The latest data from the consultancy's Transfer Activity Index revealed the index experienced a consistent downward trend in 2023 and by the end of the year, it recorded an annualised rate of 18 me...

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