Defined benefit (DB) transfer values remained stable throughout October after a turbulent drop in September, according to Xafinity's transfer value index.
Over the course of October, the value of Xafinity's hypothetical pension fluctuated 2.3% between £229,000 and £234,000, compared with the 11% fluctuation seen in September that resulted in a 4% dip. October's calm after the September storm has meant DB transfer values, according to Xafinity, were still down on the levels seen at the end of August when the index rose by 3% from £230,000 at the start of the month to £237,000 by the end of it. 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 ...
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