Xafinity

Defined benefit (DB) transfer values rose steadily over August, increasing from £230,000 at the beginning of August, to £237,000 by the end of the month, according to Xafinity.

Pension schemes should rethink their approach to defined benefit transfers in response to high demand since Freedom and Choice, writes Kim Kaveh

Defined benefit (DB) transfer values remained fairly stable in July, falling by just £2,000 to £230,000 by the end of the month, according to Xafinity's monthly index.

Volatile gilt yields saw the estimated average defined benefit (DB) to defined contribution (DC) transfer value fall by £9,000 over June, Xafinity has said.

Political uncertainty following the shock election result will lead to more volatility in the pound which could feed inflation, according to investment experts.

Variation in gilt yields led to a £4,000 rise in the average estimated defined benefit (DB) transfer value over the course of May, Xafinity has estimated.

Xafinity has made Dave Hodges head of the National Pension Trust to help grow the master trust's proposition.

The number of defined benefit (DB) scheme members transferring to defined contribution (DC) has more than doubled in a year, Xafinity figures have shown.

The estimated defined benefit (DB) transfer value remained fairly stable in March, falling by just £2,000, despite expected volatility.

Master trusts will face a new tax registration process aimed at boosting savers' protection and aligning it with the incoming authorisation process.