DB transfer values rose almost 3% in July - XPS

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 month when transfer values fell slightly. The index ended June at a value of £240,800, down slightly from £241,500 at the end of May. XPS said the fall in June was driven by a slight reduction in expectations for future inflation. XPS's transfer value 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 £10,0...