DB transfer values hit lowest month-end figure in seven years

Value fell by 7% in May to lowest month-end figure since XPS launched index in 2016

Holly Roach
clock • 1 min read
DB transfer values hit lowest month-end figure in seven years

The value of typical defined benefit (DB) pension transfers dropped by nearly 7% in May to £159,000, latest XPS Pensions Group’s Transfer Watch analysis reveals.

This drop, which resulted in the lowest month-end value seen since XPS launched its index in 2016, was largely driven by a steady rise in gilt yields over May, along with a fall in long-term inflat...

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

Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Tender Watch: SYPA appoints Northern Trust as custodian

Tender Watch: SYPA appoints Northern Trust as custodian

LGPS pool appoints Northern Trust as custodian for South Yorkshire Pension Fund

Professional Pensions
clock 09 January 2025 • 1 min read
PPF publishes first PPF 7800 Index following methodology revamp

PPF publishes first PPF 7800 Index following methodology revamp

Substantial downward revision in aggregate funding position but DB outlook ‘encouraging’

Jonathan Stapleton
clock 10 December 2024 • 4 min read
Trustpilot