The implications of falling transfer values

Kerry Lindsay looks at how schemes can mitigate the impacts of market movements

clock • 3 min read
 Hymans Robertson head of scheme actuary services Kerry Lindsay
Image:

Hymans Robertson head of scheme actuary services Kerry Lindsay

With interest rates hitting the headlines, transfer values have fallen by around 40% in 2022 so far. But what are the implications that this might bring for pension scheme funding?

Throughout most of 2022 we saw a gradual rise in interest rates, leading transfer values to fall in value. The dramatic rise in yields following the much talked about Mini Budget on 23 September di...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

SPP: State pension age and boosting its sustainability

SPP: State pension age and boosting its sustainability

James Smith says a simple link to life expectancy risks ignoring reality

James Smith
clock 21 January 2026 • 3 min read
PMI announces Equiniti as development partner

PMI announces Equiniti as development partner

Partnership will provide Equiniti with access to PMI education and training

Martin Richmond
clock 21 January 2026 • 2 min read
UK inflation rises to 3.4% in December

UK inflation rises to 3.4% in December

ONS data shows CPI Index rose for the first time in five months

Linus Uhlig
clock 21 January 2026 • 3 min read
Trustpilot