By Maria Espadinha Defined benefit (DB) transfer values increased by 3 per cent in August, according to Xafinity.
Transfers increased from £230,000 at the beginning of August to £237,000 at the end of the month, according to the specialist in pensions actuarial, consulting and administration.
The difference between maximum and minimum readings of the index was £9,000 (or around 3.6 per cent).Sankar Mahalingham, head of defined benefit growth at Xafinity, said that these figures show “steady increase in transfer values over August 2017”.He said: “Reductions in gilt yields have been the main driver, with inflation remaining relatively stable.”The Xafinity transfer value […]
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