Continued transfer value stability over August

Pension transfer values as measured by the XPS Pensions Group Transfer Value Index fluctuated mildly during August 2018, with a small fall during the month. The index was £233,000 at the end of July and £232,000 at the end of August.

The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value Index over August 2018 was only £4,100 (or around 1.7%).

Sankar Mahalingham, Head of DB Growth, XPS Pensions Group comments: ““Transfer values remained very stable during August 2018, continuing the trend we have seen since September 2017. Both gilt yields and inflation have remained stable during the month.”

The XPS Pensions Group 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 XPS Pensions Group Transfer Value Index.

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For more information please contact:
Rebecca Noonan, Senior Consultant, Camarco
Tel: 020 3757 4981 / 07900 340483

Sophie Boyd, Senior Consultant, Camarco
Tel: 020 3781 8339 / 07542 834725