Pension transfer values drop slightly in September

The index started the month with a transfer value of £232,000, and ended at £230,000. The difference between maximum and minimum readings of the TVI during May was £6,200, or about 1.7%. At one point during September the index dropped to £227,000, the lowest value in more than 12 months. XPS Pensions Group head of DB growth Sankar Mahalingham put the indices' slight drop in value down to a fall in gilt yields. "We have now seen a 12 month period of relatively stable transfer values," he said. "The index at the end of September 2018 stands at the same value as it did at the end of S...