Pensions - Articles - Xafinity Index indicates transfer values remain stable

 Transfer values remain stable over November

 From the end of October to the end of November 2017 transfer values (as measured by the Xafinity Transfer Value Index) have remained stable. The index was £232,000 at the start of the month and returned to £232,000 at the end of the month.

 The difference between maximum and minimum readings of the Xafinity Transfer Value Index over November 2017 was only £3,000 (or around 1.6%).

 Sankar Mahalingham, Head of DB Growth, Xafinity comments: “Transfer values remained very stable during November 2017, continuing the trend we have seen since mid-September 2017.

 “As we stated last month, the rise in the Bank of England Official Bank Rate in early November, which was the first for over 10 years, was widely anticipated by markets and did not result in a reduction in transfer values in November. Another rise is anticipated by the end of 2018, another delay in a rise (which until very recently, has tended to be the case) would mean an increase in transfer values.”