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pension transfers

Displaying items by tag: pension transfers

Wednesday, 28 August 2024 15:08

DB transfer activity surges in July

The number of defined benefit pension transfers in July surged to the highest level since August 2023.

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Monday, 29 July 2024 08:52

Average pension transfer times fall by 14%

Average transfer times for DC pensions fell by 14.2 in the 18 months to the end of June 2024, according to new figures published by fintech Origo.

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Two pension adviser firms have been declared as failed by the Financial Services Compensation Scheme with one being hit with a successful SIPP claim.

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DB pension transfer activity increased ‘marginally’ in May - reversing a downward trend - with transfer values remaining stable, according to the latest XPS Pensions monthly transfer report.

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While overall pension transfer volumes have been increasing, transfer times have been decreasing, according to new data published by fintech Origo.

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New data from actuarial consultancy OAC suggests that pension savers submitting a complaint about pension transfer advice would now receive just £12,000 in compensation, about half the amount they would have received at the beginning of the year and well below the levels of two years ago.

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Wednesday, 27 March 2024 09:56

Manchester-based pension transfer adviser fails

The Financial Services Compensation Scheme (FSCS) has declared Manchester-based Pension Advice Specialists Ltd (FRN: 792927) as failed.

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Monday, 22 January 2024 12:11

DB pension transfer volumes hit 5 year low

The end of 2023 saw the rate of people transferring out of their DB pension fall to a five-year low, research from pensions consultancy XPS Pensions Group found.

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Friday, 12 January 2024 16:25

Pension transfers soar 22% in 2023 to 1.2m

The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.

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Wednesday, 20 December 2023 15:33

DB transfer values recover but activity remains low

The DB Pensions Transfer Value Index compiled by XPS Pensions increased by 2.6% during November to £156,000, the biggest increase seen since March.

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