Pension transfer values back on the rise after months of stability

Due to drop in gilt yields

Hannah Godfrey
clock • 1 min read

Pension transfer values rose last month from £232,000 at the end of February to £235,000 by the end of March, according to Xafinity's Transfer Value Index (TVI).

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FCA data reveals 'notable advice gap' in drawdown

FCA data reveals 'notable advice gap' in drawdown

Almost half of pots entering drawdown now do so without regulated advice

Sophia Panayi
clock 24 September 2026 • 2 min read
Action 'needed now' on salary sacrifice to minimise disruption

Action 'needed now' on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Self-employed face retirement saving 'obstacle course'

Self-employed face retirement saving 'obstacle course'

‘Structural gap’ in participation between employees and self-employed

Martin Richmond
clock 22 September 2026 • 4 min read