DB transfer values drop in November

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 ...