Covid-19 leads to most volatile month for DB transfer values
Down 11% mid-March
The coronavirus pandemic led to March being the most volatile month on record for defined benefit (DB) pension transfer values, according to XPS Pensions Group.
XPS's transfer value index (TVI) fell from £249,700 at the end of February to £242,600 at the end of March, and in the middle of the month, transfer values fell 11% to a low of £222,800 - a level not seen...
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