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 transfer lament and FCA plans risk making it worse
Almost one-in-three (28%) people who have attempted to switch pension providers in the last three years have found the process “difficult”. Worryingly
TPR guidance on retrospective actuarial s37 confirmations
Regulations made under section 37 of the Pension Schemes Act 1993 restricted certain alterations to the rules of an occupational pension scheme contra
State pensioners still in line for above inflation boost
Inflation announced as 3% for the 12-month period to February 2026.This is the last inflation figure released before the state pension increases by 4.

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.