DB transfer values heading towards record highs

The firm's Transfer Watch revealed that transfer values reached £260,000 in July, just shy of the £261,500 record high in July 2020. For comparison transfer values sat at £248,000 in June 2021 and £251,000 the month prior. The consultant said this marks the end of a period of relative stability for transfer values and said the rise was largely due to a reduction in gilt yields. XPS's transfer value 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 ea...