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

Misuse of scam warning flags unnecessarily delays transfers
Thousands of pension transfers are being held up unnecessarily by providers who are raising flags for transfers that have no real scam risks, accordin
Gen X signals a shift in work life priorities
Twice as many UK workers want a sabbatical than have taken one – with Gen X (44-59) showing the biggest gap between desire and reality. Health and we
Trustees play key role in pension scams crackdown
Trustees play key role in pension scams crackdown as £48,000 lost every day to fraud and lump sum withdrawals rise 60%

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.