Pension transfer values back on the rise after months of stability

The difference between the maximum and minimum readings of the TVI throughout the month was £4,400, or about 1.9%. The rise in value follows a stable February, where the index began at £231,000 at the end of January and had risen to £232,000 by the end of February. Xafinity Punter Southall head of DB growth Sankar Mahalingham put the rise in value down to a drop in gilt yields. "The increase in transfer values over March was mainly due to a drop in gilt yields over the month," he explained. "The Bank of England Monetary Policy Committee (MPC) kept the Official Bank Rate at 0.5% dur...