DB transfer values continue to fall in May

Latest XPS figures have revealed the lowest rate of transfers since June 2016

Julia Bahr
clock • 2 min read
DB transfer values continue to fall in May

The recent fall in defined benefit (DB) pension transfer values continued to accelerate in May, with the month-end value at £217,00 - the lowest since June 2016, according to XPS Pensions Group. 

The fall of 7% over May was due to a further increase in gilt yields and a further fall in long term inflation expectations, despite the continued current high inflation rates, XPS said. In April i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot