UK. DB transfer activity falls to record low
Defined benefit transfer activity fell to a record low in February, data from XPS has found. XPS Group’s Transfer Activity Index fell 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. Helen Cavanagh, senior consultant at...
