DB transfer values rose almost 3% in July - XPS

Ended month at £247,400

Sophie King
clock
"It is important that pension schemes put in place a process now to ensure their members have access to high quality advice when they need it" - XPS' Mark Barlow
Image:

"It is important that pension schemes put in place a process now to ensure their members have access to high quality advice when they need it" - XPS' Mark Barlow

Defined benefit (DB) transfer values increased by almost 3% over the course of July, according to the XPS Transfer Value Index.

The firm's transfer value index increased from £240,800 to £247,400 in July, which XPS said was driven by a reduction in gilt yields over the course of the month. The rise throughout July followed a...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Among those expecting to work beyond their state pension age, 43% consider their pension to be inadequate to retire fully.

17.1m pushing the state pension age

More than one million UK workers believe they will never retire, according to research from Canada Life.

clock 06 December 2021 • 2 min read
Have your say in the Pro Adviser Poll.

Advisers, have you transferred out of your DB pension(s)?

Pro Adviser Poll

Professional Adviser
clock 02 December 2021 • 1 min read
Keith Churchouse: "As we see another mutual face a vote on its future, will this also be the turning point for more far-reaching change?"

Keith Churchouse: End of another mutual and change ahead?

The laws of unintended consequences

Keith Chruchouse
clock 01 December 2021 • 3 min read