Continued stability for pension transfer values throughout July

Fluctuated by 1.4%

Hannah Godfrey
clock • 1 min read

Pension transfer values remained stable throughout July, with the index finishing the month where it started, according to XPS Pension Group's transfer value index (TVI).

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...

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