DB transfer values back on the rise

At the end of February 2017, the Xafinity TVI stood at £237,000 - its highest level since early November 2016, and up by 1.9% from January, where the value remained largely unchanged. At its February peak, it was just £6,700 below its all-time high of £244,000, which was recorded in early October 2016. The index tracks the transfer value that would be provided by an example defined benefit 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...