Pension transfer values down in January - XPS

Fall of 2%

Julia Bahr
clock • 2 min read

The XPS Pension Group’s Transfer Value Index fell again in January to a month-end average of £253,000, which is 2% lower than it was at the end of December.

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-...

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

HMRC updates on information sharing for IHT on pensions

HMRC updates on information sharing for IHT on pensions

Second technical note

Alex Levy
clock 01 September 2026 • 2 min read
Pension first or last? What the numbers really tell us

Pension first or last? What the numbers really tell us

'Focusing solely on reducing the pension before death can increase lifetime tax'

Joshua Croft
clock 28 August 2026 • 4 min read
IHT on pensions: New thinking on taking income in retirement?

IHT on pensions: New thinking on taking income in retirement?

‘This has undoubtedly had a huge impact on planning for many clients’

Lisa Webster
clock 26 August 2026 • 3 min read