Pension transfer values below £200,000 for first time since 2016

Average transfer values drop; 90% of requests have scam warning flags

clock • 1 min read
Pension transfer values below £200,000 for first time since 2016

The average transfer value fell to £197,000 at the end of August, over £70,000 below the high reached eight months previously, according to XPS Pension Group’s transfer value index.

The sustained fall in the index over 2022 has been driven by rises in long-term gilt yields, which reached 3.3% per annum at the end of August. Rising gilt yields have meant that many transfer valu...

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