Transfer values plummet to lowest level since November

James Phillips
clock
Transfer values plummet to lowest level since November

Volatile gilt yields saw the estimated average defined benefit (DB) to defined contribution (DC) transfer value fall by £9,000 over June, Xafinity has said.

The consultancy's monthly tracker recorded values dropped from £241,000 to £232,000 over the month, reaching their lowest month-end level since November last year. Volatility has been a recurrent theme...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

Michael Bromwich is a professor at LSE

Do USS employers really bear an extra £1.3bn every year?

Michael Bromwich explores UUK’s arguments about increased sponsor costs for USS

Michael Bromwich
clock 26 January 2022 • 9 min read
August date sealed for CDC authorisation applications

August date sealed for CDC authorisation applications

Date comes as TPR opens a consultation into authorisation procedures

Hope William-Smith
clock 25 January 2022 • 2 min read
The city of Birmingham

PIC invests £128m in low-carbon student acomodation

The secured debt investment will transform a 1,230-room Birmingham uni student village

Hope William-Smith
clock 25 January 2022 • 1 min read
Trustpilot