Pension transfer values see further volatilty in January

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...