Defined benefit pension transfer values rose in February with Coronavirus fears spurring the rise, according to the XPS Transfer Watch Index, a monthly study of transfer values.

Defined benefit pension transfer values regained in January much of the ground they lost in the last quarter of 2019.

XPS Pensions Group has acquired the entire issued share capital of Trigon Professional Services Limited (Trigon) from Trigon Pensions Holdings.

Defined benefit pension transfer values fell by 4% in October - one of the biggest declines seen in several years.