View more on these topics

DB transfer values fall slightly in August

Defined benefit pension transfer values fluctuated mildly during August with a small fade over the month, according to the XPS Pensions Group transfer index.

The reading was £233,000 at the end of July and £232,000 at the end of August.

The difference between maximum and minimum readings was £4,100, or around 1.7 per cent.

XPS Pensions Group DB growth head Sankar Mahalingham says transfer values remained steady during August, continuing the trend seen since September 2017.

He adds the movements of gilt yields and inflation remained stable during August.

The index tracks the transfer value that would be provided by a DB scheme to a member aged 64 eligible for a pension of £10,000 each year from age 65.

Recommended

Magnifying-Glass-in-Hand-700.jpg

FCA starts fourth round of pension transfer advice suitability work

The FCA will collect data from around 3,000 advisers in the next round of its ongoing work on advice suitability relating to pension transfers. The data collection exercise is targeting advisers that conduct pension transfers and the results will be published next year. Speaking at a press conference following the FCA’s annual public meeting today, […]

Steve-Webb-in-2014-700.jpg
8

Steve Webb: The trouble with triage and pension transfers

There is huge variation in what clients can expect when approaching advisers to talk about pension transfers. But is standardisation the answer? When a client, or potential client, walks through the door holding a pension transfer value quotation, an adviser can be in a difficult position. It is hard enough if they are a complete […]

sustainable investing
1

Does sustainable investing bring weaker returns?

People are increasingly aware of responsible investing but questions remain over the returns As we move from the industrial age to the information age, society’s attitude towards protecting the planet has changed considerably. The results of the damage being done to the environment, in the form of more frequent and more intense natural disasters, are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com