Pension transfer values fall 2.3% in November

The benchmark index, which stood at £235,000 at the end of October, had fallen to £230,000 by the end of November. The difference between minimum and maximum readings of the index during the month was £5,400 - again, around 2.3%. The fall followed a rise in October, when the index edged up 2.1% over the month.  XPS Pensions Group head of DB growth Sankar Mahalingham attributed the decrease in transfer values over November primarily to a rise in gilt yields of around a quarter of one percent. "This was partially offset by a small increase in inflation over the month," he added. "Vol...