DB transfer values sink in September

The value of Xafinity's hypothetical pension reduced by 4% throughout September from £240,000 in the first week to £230,000 by the end of the month.  The difference between the maximum and minimum readings of the transfer value index in September was £12,000 - or about 5%. Xafinity's index tracks the transfer value that would be provided by a hypothetical 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. September's reduction has undone the increase in August, which saw the index rise ...