DB transfer values fall to lowest levels in over one year

Transfer values dipped below £150,000 due to an increase in gilt yields

Martin Richmond
clock • 2 min read
DB transfer values fall to lowest levels in over one year

Defined benefit (DB) transfer values in October 2023 fell below £150,000 for the first time since last September’s Mini Budget, research from XPS Pensions Group has found.

Research from the consultancy's Transfer Value Index revealed as at 19 October, the transfer value of a typical DB pension decreased to £149,100. By the end of the month, the index recovered slight...

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