DB transfer values maintained decline in June

According to the group's latest transfer value index, sustained increases in long-term gilt yields resulted in the month-end average value falling to £203,000, a decrease of £14,000 from last month. Head of member options Mark Barlow said: "Recent rises in gilt yields have seen transfer values plummet for most members. "This is likely to make a transfer look less attractive and, as a result, we may see transfer activity remaining subdued for some time." XPS transfer value index Source: XPS Pensions Group The research also revealed that the XPS'scam flag index reported 97%...