By Stephanie Hawthorne Defined benefit transfer values have remained stable during July, falling by less than 1 per cent.
Transfer values fell from £232,000 at the beginning of July to £230,000 at the end of the month.
This figure is based on the Xafinity transfer value index, which showed the difference between maximum and minimum readings over July 2017 was just £6,000 (or around 2.5 per cent).This follows a period of greater volatility over the second quarter of 2017.However Sankar Mahalingham, head of defined benefit growth at Xafinity, said it remains to be seen whether this period of relative calm will […]
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