Pension transfer values see further volatilty in January

XPS index ended month at £235,000

Hannah Godfrey
clock • 1 min read

Defined benefit pension transfer values fluctuated during January 2019 but ended the month with no overall change, according to the XPS Pensions Group Transfer Value Index.

The difference between maximum and minimum readings across the month was £6,800 - or around 2.9%. Despite the ups and downs throughout the month, the index ended January at £235,000 - the same value as the end of December. The volatility in January followed an even more erratic December, when the index dropped by 2.3% in what proved to be the most volatile month since September 2017. XPS's index tracks the transfer value that would be provided by a hypothetical defined benefit (DB) scheme to a member aged 64 who is entitled to a pension of £10,000 each year, starting at age 65. It inc...

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