Pension transfer values rise 2% in October

The index started the month with its indicative transfer value standing at £230,000 before ending at £235,000, which represented a 2.1% increase. The rise was not a smooth one, however - the difference between maximum and minimum readings of the TVI during October was £8,600, or a swing of about 3.6%. XPS Pensions Group head of DB growth Sankar Mahalingham attributed the increase in transfer values to a drop in gilt yields and an increase in inflation over the month. "We mentioned last month it was possible there would be a return to volatility as we approach the deadline for agreeing...