Pensions - Articles - Transfer values hit new record

 
 At the end of August 2016 the Xafinity Transfer Value Index stood at £241,000. This is an increase of £16,000 (or 7%) over the month of August.

 The Xafinity Transfer Value Index has now increased by £37,000 (or 18%) since the start of 2016.

 Paul Darlow of Xafinity comments: “An increase of 7% in just one month is extraordinary, and illustrates the eye-watering sums potentially now on offer to members of defined benefit pension schemes. I think there is a real risk that pension scammers will seek to exploit this by convincing unwary members to move their pension into bogus investments. We should all be on our guard to help protect members.”