Pension transfer values remained high during 2017, fluctuating throughout the year but ending at £236,000 - little changed from the 2016 year-end figure of £234,000, according to the Xafinity Transfer Value Index (TVI).
The difference between maximum and minimum readings throughout 2017 was £17,000, or about 7%. In the final month of the year, the TVI increased by 1.7%, continuing the relative stability seen during the last quarter of 2017. Xafinity Punter Southall head of DB growth Sankar Mahalingham (pictured) said: "In 2017, transfer values have remained at or around historic highs, and we have continued to see significantly more transfer values being taken than in previous years. "We have seen some volatility in transfer values, with changes in gilt yields being the main driver, a result of a ...
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