Pension transfer values as measured by the XPS Pensions Group Transfer Value Index fluctuated mildly during August 2018, with a small fall during the month. The index was £233,000 at the end of July and £232,000 at the end of August.
The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value Index over August 2018 was only £4,100 (or around 1.7%).
Sankar Mahalingham, Head of DB Growth, XPS Pensions Group comments: ““Transfer values remained very stable during August 2018, continuing the trend we have seen since September 2017. Both gilt yields and inflation have remained stable during the month.”