June cements stable H1 for pension transfer values

The index began the month with a transfer value of £234,000, and ended at £233,000. The difference between the maximum and minimum readings of the TVI was £4,000, or around 1.9%. XPS Pensions Group head of DB growth Sankar Mahalingham (pictured) said transfer values had been stable during the first half of the year, during which the index only fluctuated by £8,300, or around 3.6%. "If we compare this to 2017, when in both halves of the year the index fluctuated by £14,000, or around 6%, we can see that although transfer values remain close to historic highs in 2018, there has been a n...