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The Xafinity Transfer Value Index reveals that during March 2017 transfer values stayed relatively stable – falling by a little less than 1% to £235,000. |
This continues a period of calm over the first quarter of 2017: the difference between and maximum and minimum readings of the Xafinity Transfer Value Index over Q1 2017 was just £7,000 (or around 3%).
Paul Darlow, Head of Proposition Development, Xafinity comments: “March 2017 was pretty unremarkable from the point of view of transfer values which stayed fairly stable. “With Article 50 having now been triggered we may see some additional volatility in financial conditions. If so, this period of stability could prove to be relatively short-lived.”
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. |
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