DB pension transfer values hit record highs in August

Mark Battersby
clock • 2 min read

XPS Pensions Group's Transfer Value Index hit a new record high of £264,300 on 24 August, before falling back to end the month at £259,000. The index remains high, driven by increasing inflation expectations and falling yields on government bonds, both of which generally increase transfer values. DB pension transfer activity fell for the second month in succession. The Transfer Activity Index showed that an annualised rate of 62 members out of every 10,000 transferred their pension. August's Scams Red Flag Index fell below 50% for the first time in over 12 months, with 47% of tran...

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