Transfer values fall over November

Pension transfer values fell from £235,000 to £230,000 over November, fluctuating throughout the month, XPS Pensions Group has revealed.

According to its latest Transfer Value Index published today, 10 December, values varied by 2.3 percent over the month, a difference of around £5,400.

Despite this, November saw less volatility than October, where valuations fluctuated by around 3.6 per cent, or £8,600.

XPS Pension Group head of DB growth, Sankar Mahalingham, said: “The decrease in transfer values over November 2018 was due to a rise in gilt yields, around a quarter of a percent. This was partially offset by a small increase in inflation over the month.

“Volatility during October was a little lower than recent months despite heightened uncertainty around the process for Britain leaving the European Union.”

The XPS Pensions Group Transfer Value Index tracks the transfer value that would be provided by an example DB scheme to a member aged 64 who is currently entitled to a pension of £10,000 each year starting at age 65 (increasing each year in line with inflation).

    Share Story:

Recent Stories


Conveyancing Transformation
Adam Cadle talks to ULS technology CEO Jesper With-Fogstrup about making home moving a pleasant experience

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.