Pension transfer values rise 2% in October

Fluctuated by 3.6%

Sophie King
clock • 1 min read

Defined benefit (DB) pension transfer values rose by more than 2% in October, according to the XPS Pensions Group transfer value index (TVI).

The index started the month with its indicative transfer value standing at £230,000 before ending at £235,000, which represented a 2.1% increase. The rise was not a smooth one, however - the difference between maximum and minimum readings of the TVI during October was £8,600, or a swing of about 3.6%. XPS Pensions Group head of DB growth Sankar Mahalingham attributed the increase in transfer values to a drop in gilt yields and an increase in inflation over the month. "We mentioned last month it was possible there would be a return to volatility as we approach the deadline for agreeing...

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