Pension transfer activity stabilises over June - XPS Pension Group

The DB transfer value index was less volatile throughout June than it was during May, when the index rose to near-record highs. The index ended June at a value of £240,800, down slightly from £241,500 at the end of May. XPS said the fall was driven by a slight reduction in expectations for future inflation. XPS's index tracks the transfer value that would be provided by a hypothetical DB scheme to a member aged 64 who is entitled to a pension of £10,000 each year, starting at age 65. It increases each year in line with inflation. The index launched three years ago and has recently bee...