DB transfer values stable in March

Throughout last month, transfer values fell by about 1% to £235,000, Xafinity found. 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. According to the index, March continued a period of relative calm during the first quarter of the year. In fact, the difference between maximum and minimum values recorded by the index during the course of Q1 was a mere £7,000 (about 3%). However, the pension...