The Coronavirus has resulted in a 30% fall in request for pension transfer quotes at one provider - seen as an indicator of future transfer activity.

Defined benefit transfer values slumped by 3% in March and the number of members asking for a transfer value fell to a record low, according to figures released by the XPS Transfer Watch today.

The number of Defined Benefit transfers fell in November as transfer values slipped, according to the latest XPS Transfer Watch.

Transfer values fell slightly during June 2019, as the number of DB transfers over the month also fell marginally.