DB transfer values hit lowest month-end figure in seven years

Value fell by 7% in May to lowest month-end figure since XPS launched index in 2016

Holly Roach
clock • 1 min read
DB transfer values hit lowest month-end figure in seven years

The value of typical defined benefit (DB) pension transfers dropped by nearly 7% in May to £159,000, latest XPS Pensions Group’s Transfer Watch analysis reveals.

This drop, which resulted in the lowest month-end value seen since XPS launched its index in 2016, was largely driven by a steady rise in gilt yields over May, along with a fall in long-term inflat...

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