DB transfer values see volatile end to 2018

During the last month of 2018, the firm's pension transfer value index increased by 2.3%, but also experienced the most volatile month since September 2017. The erratic period followed a fall of values in November when the index dropped by 2.3%. The difference between the maximum and minimum readings of the XPS Pensions Group Transfer Value Index over the course of 2018 was £17,000 (around 7%). The index ended the year at £235,000, which would be the transfer value that an example DB scheme would offer a member aged 64, who is currently entitled to a pension of £10,000 each year start...