Volatile gilt yields saw the estimated average defined benefit (DB) to defined contribution (DC) transfer value fall by £9,000 over June, Xafinity has said.
Political uncertainty following the shock election result will lead to more volatility in the pound which could feed inflation, according to investment experts.
Variation in gilt yields led to a £4,000 rise in the average estimated defined benefit (DB) transfer value over the course of May, Xafinity has estimated.