The Pensions Regulator’s (TPR’s) new DB funding code - a decade on from the previous one - has been laid in parliament today, following extensive industry consultation.

The DB Pensions Transfer Value Index compiled by XPS Pensions increased by 2.6% during November to £156,000, the biggest increase seen since March.

The FCA’s long-awaited pension transfer rule changes are likely to be pushed back by at least six months in a move described as “very disappointing” by a leading pensions actuary and consultancy firm.

The number of Defined Benefit transfers fell in November as transfer values slipped, according to the latest XPS Transfer Watch.