DB transfer values heading towards record highs

Transfer values rose sharply during July, while transfer activity dipped slightly over the month

Holly Roach
clock • 2 min read
Scam activity dropped by one percentage point over the course of July but remains high
Image:

Scam activity dropped by one percentage point over the course of July but remains high

Defined benefit (DB) transfer values rose sharply in July and neared record highs, according to XPS Pensions Group.

The firm's Transfer Watch revealed that transfer values reached £260,000 in July, just shy of the £261,500 record high in July 2020. For comparison transfer values sat at £248,000 in June 2021 and £251,000...

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

Private girls' school teachers to strike over pension cuts

Private girls' school teachers to strike over pension cuts

Members in the Girls’ Day School Trust voted against withdrawing from the TPS

Hope William-Smith
clock 27 January 2022 • 2 min read
UUK slams union attempt at consensus on USS issues

UUK slams union attempt at consensus on USS issues

Universities UK has said the new proposal is not a ‘serious attempt’ to reach an agreement

Hope William-Smith
clock 27 January 2022 • 2 min read
Update your PPF valuation to save on levy, schemes urged

Update your PPF valuation to save on levy, schemes urged

Gains on bonds and equities could help schemes cut their s179 levy in half

James Phillips
clock 27 January 2022 • 2 min read
Trustpilot