Pensions - Articles - Pension transfer values remain stable in October

From the end of September to the end of October 2017 transfer values (as measured by the Xafinity Transfer Value Index) have remained relatively stable, fluctuating between £229,000 and £234,000.

 The difference between maximum and minimum readings of the Xafinity Transfer Value Index over October 2017 was just £5,000 (or around 2.3%).


 Sankar Mahalingham, Head of DB Growth, Xafinity comments: “Transfer values stayed fairly stable during October 2017, compared to the volatility in transfer values that we have seen in previous months of 2017. At the beginning of November, the Bank of England raised the Official Bank Rate for the first time since July 2007, but this was anticipated by markets and was already reflected in the fall in the Index over September 2017 (and there has been little change to the Index in early November). The markets are anticipating another rise towards the end of 2018; any delay in a rise would mean an increase to transfer values.”

 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). Different schemes calculate transfer values in different ways. A given individual may therefore receive a transfer value from their scheme that is significantly different from that quoted by the Xafinity Transfer Value Index.

Back to Index

Similar News to this Story

Employees could add GBP840 to their pension pot in 2018
On 6th April 2018, total minimum auto-enrolment contributions will rise from 2% to 5% of banded1 earnings. At the moment, minimum contributions are se
Amount of people in work past seventy almost doubles
The number of employees that expect to work past the age of 70 has nearly doubled in seven years, from 17% in 2010 to 32% in 2017, according to new re
JLT launch new buyout comparison service
JLT Employee Benefits launches a new buyout comparison service and monitoring tool that allows companies and trustees to receive regular bulk annuity

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.