Falling gilt yields drive DB transfer value increase

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...