Pension transfer values have remained stable over November at £232,000 according to the Xafinity Transfer Value Index.
The difference between maximum and minimum readings of the Xafinity Transfer Value Index over November was just £3,000 or around 1.6%.
Xafinity head of DB growth Sankar Mahalingham commented: “Transfer values remained very stable during November 2017, continuing the trend we have seen since mid-September 2017.
“As we stated last month, the rise in the Bank of England Official Bank Rate in early November, which was the first for over 10 years, was widely anticipated by markets and did not result in a reduction in transfer values in November. Another rise is anticipated by the end of 2018, another delay in a rise (which until very recently, has tended to be the case) would mean an increase in transfer values.”
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