DB pension transfer values touch record highs amid red flag concerns

Defined benefit pension transfer values rose sharply during July to end the month at £260,000, just short of the record high of £261,500 seen in July 2020, according to the latest data from XPS Pensions Group. Its Transfer Value Index showed the estimated cash transfer value of a 64 year old member with a pension of £10,000 a year with typical inflation increases. The leap in value was driven largely by a reduction in gilt yields and marks the end of a period of relative stability for transfer values, it said.  DB pension transfer activity dipped slightly over the month, with the i...