Pension transfer activity stabilises over June - XPS Pension Group

Ended month at £240,800

Hannah Godfrey
clock • 1 min read

Transfer values fell slightly during June 2019, as the number of defined benefit (DB) transfers also fell marginally, according to the XPS Transfer Watch and Transfer Value indices.

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...

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