Pensions - Articles - Transfer values hit new highs

 • Throughout July the index reached a maximum value of £227,500 – a record high for the index.
 
 • As at the end of July 2016 the Xafinity Transfer Value Index stood at £225,000. This is £2,000 higher than the figure at the end of June 2016.
 
 Paul Darlow of Xafinity comments: “The reductions in Gilt yields that we saw immediately after the Brexit vote have persisted. This has kept transfer values high. If this persists it will raise interesting questions for pension scheme Trustees, particularly if significant numbers of members request transfers at a time when pension schemes deficits have tended to increase.”