DB transfer values jump to record high in July - XPS

Despite risks

Sophie King
clock • 1 min read

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 of a fall in gilt yields throughout July. XPS's index tracks the transfer value that would be provided by a hypothetical DB scheme to a member aged 64 who is entitled to a pension of £10,000 each year, starting at age 65. It increases each year in line with inflation. Elsewhere, XPS' Transfer Activity index fell during July. However, the number of completed transfers remained around t...

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 Pensions

Politicians urged to address long-term sustainability of state pension triple lock

Politicians urged to address long-term sustainability of state pension triple lock

Aegon says triple lock debate is ‘not a simple case of keep it or scrap it’

Holly Roach
clock 23 June 2026 • 3 min read
Andy Burnham clarifies stance on Waspi compensation

Andy Burnham clarifies stance on Waspi compensation

Burnham called for ‘recompense’ yesterday but now says he accepts final decision has been made

Martin Richmond
clock 11 June 2026 • 2 min read
'Scare tactics and jargon' alienating young pension savers

'Scare tactics and jargon' alienating young pension savers

People’s Pension research finds almost half of Gen Z do not engage with their pension

Martin Richmond
clock 02 June 2026 • 1 min read