Pension transfer values fall slightly over August

Index fluctuated by 1.7%

Kim Kaveh
clock • 1 min read

Pension transfer values fell from £233,000 at the end of July to £232,000 at the end of August, according to XPS Pensions Group's monthly index.

The difference between maximum and minimum readings of the index over August was £4,100 - or around 1.7%. Transfer values were at the highest on 16 August, at £235,501, and the lowest on 29 August, at £231,403, the consultancy said. The index has recorded transfer values remaining fairly stable over the year. In July, the index finished the month where it started, while during the first half of the year, the index only fluctuated by £8,300, or 3.6%.  The figures are based on an estimate of the transfer value that would be provided by a hypothetical defined benefit (DB) scheme to a mem...

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

IHT on pensions to cause 'operational complexity and risk' for providers

IHT on pensions to cause 'operational complexity and risk' for providers

Expected to lead to delays in payments to beneficiaries

Isabel Baxter
clock 31 January 2025 • 3 min read
DB transfer advice slows since FCA's 2020 crackdown

DB transfer advice slows since FCA's 2020 crackdown

Many firms have stopped offering DB advice, regulator finds

Isabel Baxter
clock 30 January 2025 • 2 min read
SSAS and divorce: Everything advisers need to know

SSAS and divorce: Everything advisers need to know

'It's estimated that only 4% of divorces include a pension'

Caitlin Southall
clock 30 January 2025 • 5 min read