Pension transfer values fluctuated throughout May, ultimately resulting in a rise by the end of the month, according to the XPS Pensions Group (formally Xafinity) transfer value index (TVI).
The month began with a transfer value of £232,000, and ended at £234,000. The difference between maximum and minimum readings of the TVI during May was £5,700, or about 2.4%. XPS Pensions Group head...
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.