Defined benefit (DB) transfer values stayed relatively stable throughout July after several months of volatility, according to the latest Xafinity transfer value index (TVI).
The value of Xafinity's hypothetical pension fell by less than 1% from £232,000 at the beginning of the month to £230,000 at the end. The greatest difference between the maximum and minimum readings of the TVI during July was just £6,000, or about 2.5%. The relative calm follows a period of volatility during the second quarter of 2017. The month of June saw the difference between minimum and maximum Xafinity readings swinging by more than double July's reading, about 5.2% (or £13,000). April and May also witnessed increased volatility. May saw the index pointing to a variation of 3...
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