Transfer values for pension scheme members recover slightly during March 2021

Article summary

XPS Transfer Watch has announced that transfer values during March 2021 recovered by approximately a third of the fall experiences during February 2021, which it believes is due to ‘rising expectations of future inflation increasing the expected value of members pensions’. XPS Transfer Watch also noted that although the Transfer Activity Index remained steady, the Red Flag Index nevertheless ‘showed a further small decline in red flags detected by XPS’s Scam Protection Service, with one or more flags identified in just over half of all transfers processed in March [2021]’.