DB transfer values continue to fall in May

Latest XPS figures have revealed the lowest rate of transfers since June 2016

clock • 2 min read
DB transfer values continue to fall in May

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...

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