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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

SPP finds strong support for consolidator gateway tests

SPP finds strong support for consolidator gateway tests

Industry says a public sector consolidator should be aimed at small, fully funded schemes

Jasmine Urquhart
clock 17 July 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 09 July 2024 • 1 min read
XPS finds rise in DB transfer activity after 'record low' in April

XPS finds rise in DB transfer activity after 'record low' in April

Transfer Value Index remains stable but activity remains low

Jasmine Urquhart
clock 26 June 2024 • 1 min read
Trustpilot