Pension transfer value index hits record high at end-Nov

Climbs to £270,000

Ayesha Venkataraman
clock • 2 min read

XPS Pension Group’s Transfer Value Index climbed to another high of £270,000 at the end of November alongside expected inflation increases, data released by the pension consultant shows.

XPS' Transfer Value Index estimates the cash transfer value of a 64-year-old member with an annual pension of £10,000 with typical inflation increases. It takes into consideration changes in the market over time, while also periodically reviewing mortality assumptions. The firm's data also suggested that, despite the higher transfer values, transfer activity remained steady at an annualised rate of 59 members out of every 10,000 transferring their pension. Mark Barlow, partner at XPS Pensions Group, said: "Increasing inflation expectations are continuing to drive ever-higher transfer ...

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

One year on: Abolished lifetime allowance still throwing up advice queries

One year on: Abolished lifetime allowance still throwing up advice queries

Scheme-specific lump sum queries

Andrew Tully
clock 24 April 2025 • 4 min read
Government to set up small pensions pot consolidator

Government to set up small pensions pot consolidator

Pension Schemes Bill measure will reduce admin costs and boost pots

Jonathan Stapleton
clock 24 April 2025 • 3 min read
Pension engagement only way to cut 'retirement anxiety'

Pension engagement only way to cut 'retirement anxiety'

Verona Kenny says industry has ‘moral duty’ to push engagement

Jenna Brown
clock 23 April 2025 • 3 min read