Defined benefit (DB) transfer values decreased slightly for a second month in a row on the back of rising gilt yields according to Xafinity's monthly index.
The index reduced from £238,000 at the end of October to £230,000 at the end of November, a drop of £8,000 or 3.5%. It tracks the DB transfer value that would be provided to a member aged 64 who is entitled...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.