DB transfer values have halved since pandemic, analysis finds

The consultancy found transfer values fell by 50% in the last four years, while transfer quotations fell by 20% in the same period. The previous quarter saw a relatively low number of quotations, the third lowest quarter following Q2 2020 and Q4 2022. April to June also saw the lowest number of transfer payments since the data was first collected. Barnett Waddingham also found the average CETV for a 60-year-old reduced by around 23% in the twelve months to 30 June 2023, and fell by around 10% in Q2 2023, with both changes due to rises in gilt yields. Barnett Waddingham partner Liam...