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Transfer values continue to plummet in April - XPS
The recent fall in defined benefit (DB) pension transfer values continued to accelerate in April, with the month-end value at £232,000 representing a drop of 5% compared to the end of March, according to pensions consultancy XPS.
This was caused primarily by a further rise in gilt yields and has offset increases in long-term inflation expectations, it said. The month-end average for XPS' transfer value index was £245,000...
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