Falling gilt yields drive DB transfer values to record high

XPS finds transfer activity has yet to recover from pre-pandemic levels

clock • 2 min read
Falling gilt yields drive DB transfer values to record high

XPS Pension Group’s transfer value index rebounded during the month, with defined benefit (DB) pension transfer values hitting a new record high of £265,200 on 28 October, before falling back to end the month at £260,000.

XPS said this new peak surpassed the previous record of £264,300 which was hit on 24 August of this year. "The increase was driven by continued high future inflation expectations combined with a dip in...

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