Continued stability for pension transfer values throughout July

The index stood at £233,000 both at the end of June and the end of July. The difference between the maximum and minimum readings of the TVI over the month was £3,200, or about 1.4%. Transfer values as measured by the index were stable during the first half of the year, during which the index only fluctuated by £8,300, or 3.6%.  XPS pensions Group head of DB growth Sankar Mahalingham (pictured) said: "On the 2 August the Bank of England Monetary Policy Committee (MPC) raised the Official Bank Rate from 0.5% to 0.75% - the highest level since 2009.  "The impact that this will have on...