Defined Benefit Transfer values reach new high

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.

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