Pensions - Articles - Steady fall in pension transfer values during January 2018

 Transfer values fall steadily during 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%).
 

 Sankar Mahalingham, Head of DB Growth, Xafinity Punter Southall comments: “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). 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.