Defined benefit transfer values hit a new high in November as a result of rising inflation and falling gilt yields.
XPS Pensions Group’s Transfer Value Index saw transfer values hit a high of £270,000 at the end of November on the back of further forecast increases in inflation rates and a slight reduction in gilt yields.
This is slightly higher than the previous record of £265,000 which was hit on October 28 of this year, and is based on the estimated cash transfer value of a 64-year-old member with a pension of £10,000 a year with typical inflation increases.
Read the full article on FT Adviser.
When considering a pension transfer, there may be a thousand questions running through your mind that you want to ask a pension advisor. As experts in pension transfers, we manage and transfer pensions daily for hundreds of clients. With our Pension Transfer Gold Standard award by the Personal Finance Society, we are ideally placed to answer any queries or concerns.
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