Falling gilt yields drive DB transfer values to record high - XPS

'Transfer activity has yet to recover from pre-pandemic levels'

clock • 2 min read
Mark Barlow, partner at XPS Pensions Group said despite this, transfer activity has yet to recover to pre-pandemic levels, perhaps a result of members finding it more challenging to access financial advice.
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Mark Barlow, partner at XPS Pensions Group said despite this, transfer activity has yet to recover to pre-pandemic levels, perhaps a result of members finding it more challenging to access financial advice.

XPS Pension Group’s transfer value index rebounded during the month, with DB pension transfer values hitting a new record high of £265,200 on 28 October, before falling back to end the month at £260,000, according to the group.

XPS said this new peak surpassed the previous record of £264,300 which was hit on 24 August of this year. "The increase was driven by continued high future inflation expectations combined with a dip in...

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