The recent fall in defined benefit (DB) pension transfer values continued to accelerate in May, with the month-end value at £217,00 - the lowest since June 2016, according to XPS Pensions Group.
The fall of 7% over May was due to a further increase in gilt yields and a further fall in long term inflation expectations, despite the continued current high inflation rates, XPS said. In April i...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
