Transfer values continue to fall in May - 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 was £232,000, representing a drop of 5% compared to the end of March. The firm also found that the rate of members completing transfers recorded in the XPS transfer activity index rebounded slightly to an annualised rate of 37 members per 100,000 in May, after a six-month period of decline. In April, the number of members completing transfers fell to an annualised rate of 35 members out of ...