DB transfers hit highest values in four years in March

Brexit-related movement

Hannah Godfrey
clock • 1 min read

Defined benefit (DB) transfer values hit an intra-month four-year high of £251,000 in March, according to the XPS Pensions Group's Transfer Value Index.

Transfer values last month broke a number of records in a month that, in addition to the highest intra-month peak, saw the highest month-end value and the largest monthly fluctuation since the inception of the index in April 2015. The index peaked at £251,000 during March before losing some of those gains to end the month at £244,900 - an increase of £9,700 on the value at the end of February. Over the first quarter of 2019, meanwhile, the index increased by £9,700, with the difference between maximum and minimum readings coming in at £18,700, or around 7.5%. XPS's index tracks the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read
Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read