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


Pension transfer values as measured by the Xafinity Transfer Value Index fell steadily during January 2018, falling from £236,000 at the end of December 2017, to £231,000 at the end of 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.
  

Back to Index


Similar News to this Story

Pension scheme funding stays steady despite a volatile May
Broadstone publishes its Sirius Index May update which discloses contrasting movements in funding for the modelled schemesThe ‘growth focused’ scheme
Pensions facing governance gap as admin scrutiny intensifies
New data from Law Debenture reveals a significant disconnect in how UK pension schemes oversee their administration, with many trustees taking a react
Greater flexibility in retirement CDC could improve outcomes
Increased flexibility should be built into Retirement Collective Defined Contribution (R-CDC) pension designs to improve retirement outcomes for membe

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

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