Pensions - Articles - Transfer values rise sharply during March


Pension transfer values as measured by the XPS Pensions Group Transfer Value Index increased substantially during March, peaking at almost £251,000; before losing some of those increases to end March 2019 at £244,900, an increase of £9,700 on the previous month end.

 The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value Index over March 2019 was £15,600 (or around 6.2%).
 It is notable that these figures represent the highest intra-month peak, the highest month end, and the largest monthly fluctuation, recorded since the inception of the index in April 2015.
 
 Over the quarter, the index has increased by £9,700 with the difference between maximum and minimum readings being £18,700 (or around 7.5%).

  

 

 Sankar Mahalingham, Head of DB Growth, XPS Pensions Group comments: “The movements in the transfer value index during March were largely driven by gilt yields, which fell by as much as 0.35%, and ended the month around 0.3% down. Inflation also increased by as much as 0.15% but ended the month unchanged from the previous month end.

 “Gilt yields were observed to drop markedly during the period from 19-22 March, around the same time as debate and votes in the House of Commons led to a change in the proposed Brexit date. It is likely that further Brexit-related developments will continue to drive market movements for the foreseeable future.”
  

Back to Index


Similar News to this Story

Sackers launch guide for trustees on pension transcations
Sackers have published its latest guide for trustees on buy-ins, buy-outs and longevity transactions. This guide is focused on supporting pension sche
Pensions Minister echoes climate warnings in Westminster
MPs from across the House of Commons have debated climate change and pensions. Pensions Minister Guy Opperman responded. Earlier he spoke of ‘kickstar
New tools allow pension schemes to deliver greater value
New tools helping pension schemes deliver greater value for money for millions of savers have been launched today (21 May) by the Cost Transparency In

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.