The average transfer value fell to £197,000 at the end of August, over £70,000 below the high reached eight months previously, according to XPS Pension Group’s transfer value index.
The sustained fall in the index over 2022 has been driven by rises in long-term gilt yields, which reached 3.3% per annum at the end of August. Rising gilt yields have meant that many transfer valu...
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
