DB transfer values drop in November

TVI lowest in more than a year

Hannah Godfrey
clock • 1 min read

Defined benefit (DB) transfer values dropped slightly during November, as did the number of members who chose to transfer out of XPS-administered schemes, according to XPS Pensions Group.

XPS's transfer activity index, which monitors how many members are choosing to take their transfer value from XPS-administered schemes, recorded a decrease in the number of transfers completed in November to an annual equivalent of 0.81% of eligible members, down from 0.99% in October.    Elsewhere, the firm's transfer value index (TVI) fell from £244,200 at the end of October to £241,700 at the end of November, continuing the decline observed in October. According to XPS, the drop was driven by increases in gilt yields over the month, but the relatively stable financial markets over ...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Royal London introduces CRP framework to help advisers

Royal London introduces CRP framework to help advisers

Support when developing retirement income strategies for clients

Jenna Brown
clock 29 January 2026 • 1 min read
Just Group sees fall in retirement income sales as takeover approaches

Just Group sees fall in retirement income sales as takeover approaches

Brookfield Wealth Solutions to takeover during first half of the year

Isabel Baxter
clock 20 January 2026 • 2 min read
Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Speculation on rules hitting confidence across every age group

Sahar Nazir
clock 17 November 2025 • 2 min read