DB transfer values maintained decline in June

Lowest transfer value in nearly eight years

Martin Richmond
clock • 1 min read

Defined benefit (DB) pension transfer values continued to fall in June this year, hitting their lowest figure since November 2014, according to XPS Pensions Group.

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%...

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