Pensions - Articles - Transfers show a period of calm after the storm

 The difference between maximum and minimum readings of the Xafinity Transfer Value Index over July 2017 was just £6,000 (or around 2.5%). This follows a period of greater volatility over the second quarter of 2017.

 Sankar Mahalingham, Head of DB Growth, Xafinity comments: “Transfer values stayed fairly stable during July 2017, compared to the volatility in transfer values that we saw over Q2 of 2017. It remains to be seen whether this period of relative calm will continue over the remainder of the summer.”

 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.