DB transfer values jump to record high in July - XPS

Despite risks

Sophie King
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 The number of members taking a transfer continued at pre-lockdown levels.
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The number of members taking a transfer continued at pre-lockdown levels.

Defined benefit (DB) transfer values continued to increase to yet another record high during July but the number of people opting to exit final salary schemes remains steady, according to XPS Transfer Watch.

XPS Pensions Group's Transfer Value index rose from £259,700 at the end of June to £261,500 on 30 July, before falling back to end the month at £260,700. According to the group, the increase was a result...

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