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Pension transfer costs jump 10% in one year

Record DB pension transfer values have pushed up average costs for transferees by 10% in one year.


DB transfer values rise sharply

The XPS DB Transfer Index rose sharply in July to end the month at £260,000, just short of the record high of £261,500 seen in July 2020.


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.


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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