DB transfer values rocked by snap election - research

According to the Xafinity, transfer values had peaked at their previous record high of 244,000 during the month, but had fallen to £237,000 by the end of April. This meant there was a 3.5% variation during the month, equal to a value of £9,000. The index tracks the transfer value that would be provided by an example DB scheme to a member aged 64 who is entitled to a pension of £10,000 each year, starting at age 65. It increases each year in line with inflation. Xafinity director Sankar Mahalingham said: "Transfer values in April 2017 were more volatile than in recent months, with c...