Pension transfer values as measured by the XPS Pensions Group (formally Xafinity) Transfer Value Index fluctuated during May 2018, with an overall rise during the month. The index was £232,000 at the end of April and £234,000 at the end of May.
The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value Index over May 2018 was £5,700 (or around 2.4%).
The XPS Pensions Group Transfer Value Index tracks the transfer value that would be provided by an example DB scheme to a member aged 64 who is currently entitled to a pension of £10,000 each year starting at age 65 (increasing each year in line with inflation). Different schemes calculate transfer values in different ways. A given individual may therefore receive a transfer value from their scheme that is significantly different from that quoted by the XPS Pensions Group Transfer Value Index.