Narrow increase in defined benefit transfer values in January

The consultancy's latest Transfer Value Index revealed a slight decrease in gilt yields combined with a small rise in long-term inflationary expectations across the month, which resulted in the month-end value of £171,000. Data from the firm's index also found the number of members transferring from their current scheme into another decreased to 39 per 100,000 members, a rate which remained consistent throughout 2022, apart from a significant spike in November where it climbed to 87 members per 100,000. Source: XPS Pension Group   Source: XPS Pension Group   Al...