Pensions group XPS has launched XPS Transfer Watch, a monitoring service to track pension transfers as the Pension Freedoms continue to transform the market.
A survey by pensions firm XPS has revealed that each year 70,000 Defined Benefit scheme members are using the Pension Freedoms to leave their schemes - with most shifting their money to a SIPP.
Pension transfer values as measured by the XPS Pensions Group Transfer Value Index increased “substantially” during March, the firm has said.
New figures have revealed a continued decline in pension transfer volumes across the market.
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