Transfer values continue to plummet in April - XPS

Fall of 5%

clock • 2 min read
Transfer values continue to plummet in April - XPS
Image:

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...

To continue reading this article...

Join Professional Adviser

 

  • 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

Industry Voice: The rise of intergenerational gifting

Industry Voice: The rise of intergenerational gifting

Matt McGill, Equity Release Director at Aviva
clock 19 April 2022 • 3 min read
Ukraine crisis panel: Investment experts respond to key questions

Ukraine crisis panel: Investment experts respond to key questions

Global challenges

clock 10 March 2022 • 1 min read
Single auto-enrolment scheme charging structure could 'cost millions'

Universal auto-enrolment scheme charging structure could 'cost millions'

TPP warned members could lose out on £27,000 in a move to a universal structure

Holly Roach
clock 11 February 2022 • 1 min read