Pension transfer values fall during April - Xafinity

Increase in gilt yields

Hannah Godfrey
clock • 1 min read

Pension transfer values fell from £235,000 at the end of March to £232,000 at the end of April, according to Xafinity's Transfer Value Index (TVI).

The difference between the maximum and minimum readings of the TVI throughout the month was £6,700, or about 2.9%. The fall in value undid the rise in March, where the opposite happened - values began at £232,000 and rose to £235,000 by the end of the month.  Xafinity head of DB growth Sankar Mahalingham put the decline down to an increase in gilt yields. "There was a fall in transfer values between the start and end of April, due mainly to an increase in gilt yields, with inflation remaining relatively stable," he explained. "There was more volatility in transfer values during ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Budget end to overseas pensions 'loophole' could cause 'chaos'

Budget end to overseas pensions 'loophole' could cause 'chaos'

OTC applies to more transfers under changes

Jen Frost
clock 31 October 2024 • 2 min read
Pensions tax-free cash untouched – but what about those who acted pre-Budget?

Pensions tax-free cash untouched – but what about those who acted pre-Budget?

No lump sum change should be ‘welcomed’ but damage cannot be undone

Isabel Baxter
clock 31 October 2024 • 5 min read
Autumn Budget 24: Heavily rumoured pension changes fail to emerge

Autumn Budget 24: Heavily rumoured pension changes fail to emerge

Labour chose not to target workplace pensions, despite raising taxes by £40bn

Holly Roach
clock 30 October 2024 • 3 min read