Displaying items by tag: pension transfers
DB transfer activity surges in July
The number of defined benefit pension transfers in July surged to the highest level since August 2023.
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.
SIPP claim results in failure of pension adviser firm
Two pension adviser firms have been declared as failed by the Financial Services Compensation Scheme with one being hit with a successful SIPP claim.
DB pension transfer activity picks up after slump
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.
Pension transfer times fall as volumes increase
While overall pension transfer volumes have been increasing, transfer times have been decreasing, according to new data published by fintech Origo.
Pension transfer compensation is falling says OAC
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.
Manchester-based pension transfer adviser fails
The Financial Services Compensation Scheme (FSCS) has declared Manchester-based Pension Advice Specialists Ltd (FRN: 792927) as failed.
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.
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.
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.