DB transfer value volatility continues throughout May

According to the index, transfer values saw a 3.5% variation during the month of May, equal to a value of £9,000. Overall, values increased 1.7% in May, from £237,000 to £241,000. Gilt yields meanwhile, which tend to sit at -2%, varied between -1.6% and -1.9% during the month, Xafinity said. Head of pension investment Ben Gold said variation in gilt yields was likely caused by the uncertainty that comes with Friday's election result, which brings with it uncertainty over economic policy. Xafinity's index tracks the transfer value that would be provided by an example DB scheme to a ...