DB transfer values hit record high

Index peak of £258,200

Hannah Godfrey
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XPS Pensions Group partner Mark Barlow: "The impacts of recent volatile markets have seen transfer values increase steadily over the last two months, with an all-time high in August."
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XPS Pensions Group partner Mark Barlow: "The impacts of recent volatile markets have seen transfer values increase steadily over the last two months, with an all-time high in August."

Defined benefit (DB) transfer values rose to record highs in August, prompting members to ask for updated transfer value quotes, XPS Pension Group has said.

XPS Pension Group's transfer value index jumped sharply to an all-time high of £258,200 on 21 August, up from £247,400 at the end of July. As a result, the group said, it had seen an increase in the...

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