Falling gilt yields drive DB transfer value increase

First increase of 2022

Martin Richmond
clock • 2 min read

Defined benefit (DB) transfer values saw a slim month-on-month increase for the first time this year, reaching a July month-end value of £210,000, according to XPS Pensions Group.

The group's latest transfer value index showed a slight decrease in gilt yields which resulted in the month-end value increasing by £7,000 on June figures. In addition, the latest figures revealed that the number of members transferring also increased to 41 members per 100,000, representing a 41% increase on the preceding month's data. Head of member options Mark Barlow said: "Many pension scheme members will be finding that their household finances are under pressure due to the ongoing cost of living crisis. "Although this is only one month, we have seen a rise in the number of me...

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 Pensions

Savers can draw down target retirement income for just 11 years

Savers can draw down target retirement income for just 11 years

Report exposes retirement income gap

Jenna Brown
clock 08 May 2025 • 3 min read
State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read
A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read