DB transfer activity rises for third month - XPS

Defined benefit transfer activity increased in June for the third month in a row to high the highest levels seen since July 2020.

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Profits rise for XPS Pension Group

Pension group XPS has reported a 5% rise in profit (adjusted EBITDA) for the year ending 31 March and 7% total revenue growth, driven by client demand across the firms pensions divisions.

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DB transfer scam warnings hit 5 month high

The number of defined benefit pension transfers with at least one warning sign of a potential scam or poor member outcomes has hit its highest level in five months.

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Third of risky transfers slip through new pension rules

One in three high risk pension transfers since July 2018 would satisfy the first condition of the Department of Work and Pensions’ (DWP) proposed scam reduction legislation, according to a new report.

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