DB transfers hit highest values in four years in March

Brexit-related movement

“The movements in the transfer value index during March were largely driven by gilt yields, which fell by as much as 0.35%" - XPS Pensions Group's Sankar Mahalingham
“The movements in the transfer value index during March were largely driven by gilt yields, which fell by as much as 0.35%" - XPS Pensions Group's Sankar Mahalingham
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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...

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