Pension transfer values down in January - XPS

The fall was largely due to a continued increase in gilt yields over the course of January and came despite the rises in inflation expectations, the pensions firm said. XPS Pension Group's Transfer Value Index had climbed to a high of £270,000 at the end of November 2021 alongside expected inflation increases. The firm's data also suggested at the time 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. XPS' Transfer Value Index estimates the cash transfer value of a 64-year-...