Page 2 - Flag Index News Today : Breaking News, Live Updates & Top Stories | Vimarsana

News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service

News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service

DB transfers fall to eight month low as scam activity rises - XPS Dip after a period of recovery Mark Barlow: "With warning signs of poor member outcomes remaining so high, we welcome the FCA's decision to extend their thematic review with the aim of driving up standards of pensions advice." Tom Higgins April’s activity in the defined benefit (DB) transfer market fell to the lowest level since September last year, dropping by almost a quarter, while the number of transfers showing ‘red flags’ for scams increased to a three-month high, according to pensions consultancy XPS Pensions Group...

Mostly attributed to a rise in government bond yields which increased discount rates Retirement firm XPS Pension Group revealed that there was almost a 5% drop in pension transfer values in February from January 2021. This marks the “largest ever” fall since the XPS Transfer Watch started tracking the market in 2014. According to the firm, the sharp drop was due to a rise in government bond yields, which then caused an increase in the discount rates used to place value on a scheme member’s benefits. Transfer values are now going back to the levels of March 2020, before the first UK lock...