Pension transfer values down in January as gilt yields rise
14 February 2018
Xafinity reports that pension transfer values, as measured by the Xafinity Transfer Value Index fell steadily during January 2018.
The index fell from £236,000 at the end of December 2017, to £231,000 at the end of January 2018.
The difference between maximum and minimum readings of the Xafinity Transfer Value Index over January 2018 was £6,000 (or around 2.4%).
Commenting on this movement, Sankar Mahalingham, head of DB Growth, Xafinity Punter Southall said: “We have seen a steady fall in transfer values over January 2018. Increases in gilt yields have been the main driver, with inflation remaining relatively stable.”
The Xafinity Transfer Value Index tracks the transfer value that would be provided by an example DB scheme to a member aged 64 who is currently entitled to a pension of £10,000 each year starting at age 65 (increasing each year in line with inflation).
Origo is to launch Unipass Letter of Authority (ULoA) at the end of November, a service aimed at simplifying...
Lee Old, director, Antony George Recruitment, provides some tips for tackling your annual review meeting. The answer to this question...
Kim Bendall has launched her own firm, Go Paraplanning, and is looking to provide tailor-made support services to new...