DB transfer values drop to lowest month-end since 2018

XPS' Transfer Value Index saw ‘significant decline’ in final quarter of 2024

Holly Roach
clock • 2 min read

Defined benefit (DB) transfer values fell to the lowest month-end figure since 2018 in December, analysis by XPS Group has shown.

The consultancy's Transfer Value Index showed during December 2024, DB transfer values dropped to the lowest month-end values in seven years, despite remaining "relatively stable" throughout most of the year. XPS said its index saw a "significant decline" in the final quarter – dropping by nearly 5% during December – largely driven by a rise in gilt yields towards the end of the year along with flat inflationary expectations. Source: XPS Group The firm's Transfer Activity Index also showed the level of transfers remained relatively low during 2024, with December showing an annu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read