Transfer values continue to fall in May - XPS

Lowest since June 2016

clock • 2 min read
Transfer values continue to fall in May - XPS

The recent fall in defined benefit (DB) pension transfer values continued to accelerate in May, with the month-end value at £217,000, the lowest since June 2016, according to pension consultancy XPS. 

The fall of 7% over May was due to a further increase in gilt yields and a further fall in long-term inflation expectations, despite the continued current high inflation rates, it said. In April it...

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