Falling gilt yields drive DB transfer value increase

First increase of 2022

Martin Richmond
clock • 2 min read

Defined benefit (DB) transfer values saw a slim month-on-month increase for the first time this year, reaching a July month-end value of £210,000, according to XPS Pensions Group.

The group's latest transfer value index showed a slight decrease in gilt yields which resulted in the month-end value increasing by £7,000 on June figures. In addition, the latest figures revealed that the number of members transferring also increased to 41 members per 100,000, representing a 41% increase on the preceding month's data. Head of member options Mark Barlow said: "Many pension scheme members will be finding that their household finances are under pressure due to the ongoing cost of living crisis. "Although this is only one month, we have seen a rise in the number of me...

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