Diversity in Pensions (DIP) has appointed Jenny Davie as its new chair
Defined benefit (DB) pension transfer activity increased slightly over the past month from the record low seen in April, whilst the value of a typical transfer remained stable after falling to its lowest point in six months in April, analysis from XPS Pensions Group has found.
XPS’s Transfer Activity Index recorded a slight increase in May 2024, with an annualised rate of 19 members in every 1,000 transferring their benefits to alternative arrangements, up from 14 members in every 1,000 in April