Pension transfer value index hits record high at end-Nov

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 ...