DB transfer values remain stable in February

The index was £231,000 at the end of January and £232,000 at the end of February. The difference between maximum and minimum readings in February 2018 was £4,000, or about 1.6%. Xafinity Punter Southall head of DB growth Sankar Mahalingham (pictured) said: "Transfer values remained very stable during February 2018, continuing the trend we have seen since mid-September 2017. Both gilt yields and inflation have remained stable during the month. "During February, the Bank of England Monetary Policy Committee (MPC) kept the official bank rate at 0.5%, but also indicated that rates may nee...