Pension transfer values rose by around 4% in March, according to XPS Pension Group.
The firm’s transfer value index saw values end March at £175,000 ($218,032, €197,805), the same month-end value as in January this year.
The increase was primarily led by “a slight fall in gilt yields during the month”, the firm said.
However, XPS Pensions Group’s transfer activity index fell slightly during March, with an annualised rate of 38 members per 100,000 transferring out of the current scheme to an alternative arrangement.
The firm said that while there was a slight increase in transfer activity at the start of the year, the index has now dropped back to its lowest level since last September.
Some 90% of cases reviewed by the XPS Scam Protection Service in March raised at least one scam warning flag, according to XPS’s scam flag index. This shows a slight fall from the previous month and is the lowest volume the index has shown since May 2022.
