XPS Pensions Group
Pension transfer values hit all time low
They have fallen 33% since December 2021
Over 90% of pension transfer requests flagged as scams – again
As transfer values fall below £200,000 for the first time since 2016 making the return of annuities more appealing
PEOPLE MOVES: MFSA, Cayman Finance, UBS
Regulator names acting CEO, as promotional body hires chief executive
Just 6% of pension transfers not flagged as scams
With overseas investments continuing to be the most common warning
Pension transfer business dries up amid interest rate hikes
Values have plummeted making retirees think twice about switching