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DB transfer values heading towards record highs professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
Pension scam red flag index reaches five-month high professionalpensions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionalpensions.com Daily Mail and Mail on Sunday newspapers.
DB pension scam warnings hit 5-month high pensions-expert.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pensions-expert.com Daily Mail and Mail on Sunday newspapers.
Pension transfer values recover after February dip - XPS Rising inflation Helen Cavanagh: More than half of cases are still showing warning signs that could indicate a scam, or at the very least, the potential for poor member outcomes. Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from consultant XPS. The firm s monthly transfer commentary said March s recovery was largely due to rising expectations of future inflation increasing the expected value of members pensions. It said its Transfer Activity Index had remained stable and transfers that raised alarm bells - monitored through its Red Flag Index - showed a small decline to just over half of all transfers raising questions. ....
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 lockdown, XPS said. ....