DB transfer values remain consistent in January

Ove January 2017, said Xafinity, the index varied between a minimum of £230,000 and a maximum of £235,000 - a variation of around 2%. It ended the month at £232,600 - largely unmoved from the index value of £234,000 on 31 December 2016.   The 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. It increases each year in line with inflation. Xafinity head of proposition development Paul Darlow said: "Transfer values in January 2017 were fairly stable. We saw in...