Pensions

Transfer values plunge during October as activity increases

Media ReleaseNovember 07 2019

Defined benefit (DB) transfer values dropped substantially during October, reversing the significant rises seen over the summer, whilst the number of members transferring has increased, according to XPS Transfer Watch which monitors how market developments have affected transfer values for an example member, as well as how many members are choosing to take a transfer.

View the full Press Release

Pensions

PPF levies expected to go up by 8% on average

Briefing NoteNovember 06 2019

On 25 September 2019, the Board of the Pension Protection Fund (PPF) published a consultation document on the 2020/21 levy. The consultation closed on 5 November 2019 and only minor changes are proposed. Invoices were expected to increase by 8% on average. Some schemes could see little change, while others could face more significant levy increase.

Read more

Investment

Funding levels rise despite volatile asset performance

XPS Investment NewsNovember 06 2019

September started with sharp falls in global equity markets. Although most recovered to end the month up in local currency terms, Sterling’s appreciation against the US Dollar over the second half of the month detracted from overseas investment returns for Sterling investors. A typical scheme’s assets would have fallen over the month, however, gilt yields rose strongly meaning that the funding level of a typical scheme would have improved over the period.

Read more
Date Topic Title Publication type
Date: November 07 2019 Topic: Pensions Title: Transfer values plunge during October as activity increases Publication type: Media Release
Date: November 06 2019 Topic: Pensions Title: PPF levies expected to go up by 8% on average Publication type: Briefing Note
Date: November 06 2019 Topic: Investment Title: Funding levels rise despite volatile asset performance Publication type: XPS Investment News
Date: October 28 2019 Topic: Pensions Title: XPS Risk Transfer News | Your scheme may be closer to buyout than you think Publication type: Briefing Note
Date: October 23 2019 Topic: Pensions Title: Helping your employees with the pensions trap tax Publication type: XPS Express for Employers