Defined benefit transfer values remained relatively stable during March 2017, falling by less than 1 per cent, according to Xafinity.

As measured by the Xafinity Transfer Value Index, values are at £235,000 falling from £237,000 in February; this is based on 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).

This continues a period of calm over the first quarter of 2017: the difference between and maximum and minimum readings of the Xafinity Transfer Value Index over Q1 2017 was just £7,000 (or around 3 per cent).

Commenting, Xafinity head of proposition development Paul Darlow said: “March 2017 was pretty unremarkable from the point of view of transfer values which stayed fairly stable.

“With Article 50 having now been triggered we may see some additional volatility in financial conditions. If so, this period of stability could prove to be relatively short-lived.”

Share Story: