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Transfer values experience volatile end to 2018
XPS Pensions Group Transfer Value Index
XPS Pensions Group
10 Jan 2019 United Kingdom Scheme Issues & Trends, Transfers
Key Details:
  • Pension transfer values as measured by the XPS Pensions Group Transfer Value Index remained high during 2018, remaining relatively stable throughout the year until a more volatile December.  The Index ended the year at 235,000, little changed from the figure of 236,000 at the end of 2017.  These figures were also relatively unchanged compared to the Index at the end of 2016, which was 234,000.
  • The difference between maximum and minimum readings of the XPS Pensions Group Transfer Value Index over 2018 was 17,000 (or around 7%).
  • During December 2018, the XPS Pensions Group Transfer Value Index increased by 2.3%, but during the month the index was the most volatile it has been since September 2017, with the difference between the maximum and minimum readings being 14,000 (or around 5.9%).

Notes

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.

source: XPS Pensions Group Press Release
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191135869