DB transfer values fall to lowest levels in over one year

Research from the consultancy's Transfer Value Index revealed as at 19 October, the transfer value of a typical DB pension decreased to £149,100. By the end of the month, the index recovered slightly to finish at £152,000, 3% lower than September, which was the lowest month-end value recorded since the index's inception in 2018. The firm noted the decline in October's transfer values was the result of the continued increase in gilt yields, combined with marginally lower long-term inflation expectations. It added the fall in last month's figures continued a downward trajectory of trans...