DB pension transfer values fall to lowest value since October 2023

<!DOCTYPE html> <html lang="en"> <head> <meta charset="UTF-8"> <meta name="description" content="Defined benefit (DB) pension transfer values fell by almost 2 per cent during October 2024, falling to their lowest value since October 2023, according to analysis from XPS Group"> <meta name="keywords" content="DB, pension transfer value, Transfer Value Index, Scam Flag Index, autumn budget"> <meta name="author" content="Paige Perrin"> <meta property="og:title" content="DB pension transfer values fall to lowest value since October 2023" /> <meta property="og:type" content="article" /> <meta property="og:description" content="Defined benefit (DB) pension transfer values fell by almost 2 per cent during October 2024, falling to their lowest value since October 2023, according to analysis from XPS Group" /> <meta property="og:site_name" content="Pensions Age Magazine" /> <meta property="og:locale" content="en_GB" /> <meta property="article:author" content="Paige Perrin" /> <meta property="og:url" content="https://www.pensionsage.com/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php" /> <meta property="og:image" content="https://www.pensionsage.com/pa/images/2019-chart-decline-min.jpg" /> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@PensionsAge"> <meta name="twitter:title" content="DB pension transfer values fall to lowest value since October 2023"> <meta name="twitter:description" content="Defined benefit (DB) pension transfer values fell by almost 2 per cent during October 2024, falling to their lowest value since October 2023, according to analysis from XPS Group"> <meta name="twitter:creator" content="@PensionsAge"> <meta name="twitter:image:src" content="https://www.pensionsage.com/pa/images/2019-chart-decline-min.jpg"> <meta name="twitter:domain" content="https://www.pensionsage.com">  <meta name="viewport" content="width=device-width, initial-scale=1">  <title>DB pension transfer values fall to lowest value since October 2023 - Pensions Age Magazine</title> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.pensionsage.com/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php" }, "headline": "DB pension transfer values fall to lowest value since October 2023", "image": [ "https://www.pensionsage.com/pa/images/2019-chart-decline-min.jpg" ], "datePublished": "2024-11-26T10:12:26+0000", "dateModified": "2024-11-26T12:10:08+0000", "author": { "@type": "Person", "name": "Paige Perrin" }, "publisher": { "@type": "NewsMediaOrganization", "name": "Pensions Age", "logo": { "@type": "ImageObject", "url": "https://www.pensionsage.com/pa/img/pensions-age-logo.jpg" } }, "description": "Defined benefit (DB) pension transfer values fell by almost 2 per cent during October 2024, falling to their lowest value since October 2023, according to analysis from XPS Group" } </script>  <html itemscope itemtype="http://schema.org/Article">  <meta itemprop="name" content="DB pension transfer values fall to lowest value since October 2023"> <meta itemprop="description" content="Defined benefit (DB) pension transfer values fell by almost 2 per cent during October 2024, falling to their lowest value since October 2023, according to analysis from XPS Group"> <meta itemprop="image" content="https://www.pensionsage.com/pa/images/2019-chart-decline-min.jpg">  <script async src="https://www.googletagmanager.com/gtag/js?id=UA-134331442-1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-134331442-1'); </script>  <link rel="shortcut icon" href="https://www.pensionsage.com/favicon.ico" type="image/x-icon" />  <link href="/fontawesome-free-6.4.2-web/css/fontawesome.css" rel="stylesheet"> <link href="/fontawesome-free-6.4.2-web/css/brands.css" rel="stylesheet"> <link href="/fontawesome-free-6.4.2-web/css/solid.css" rel="stylesheet">  <link href="https://fonts.googleapis.com/css?family=Roboto+Condensed%7CRoboto+Slab:300,400,700%7CRoboto:300,400,500,700" rel="stylesheet"> <link href="https://fonts.googleapis.com/css?family=Merriweather:400,700" rel="stylesheet"> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <link href="https://fonts.googleapis.com/css2?family=Courgette&display=swap" rel="stylesheet">  <link rel="stylesheet" href="/pa/bootstrap/css/bootstrap.min.css"> <link rel="stylesheet" href="/pa/bootstrap/css/main.css"> <link rel="stylesheet" href="/pa/bootstrap/css/style.css?ver=65"> <link rel="stylesheet" href="/pa/bootstrap/css/colors.css"> <link rel="stylesheet" href="/pa/bootstrap/css/responsive.css?ver=5"> <link rel="stylesheet" href="/pa/bootstrap/css/jquery-ui.min.css">   <link rel="stylesheet" href="/pa/bootstrap/css/cookiealert.css">  </head> <body>  <div id="wrapper" data-color="red">  <div class="hidden-lg" style="margin:6px 0 6px 0;"> </div> <style> @media only screen and (max-width: 767px) { .right-top-menu { right:0 !important; } } @media only screen and (max-width: 767px) { .ad-logo-js img { height: 70px !important; padding: 3px !important; float: left; } } @media only screen and (max-width: 767px) { .ad-logo-js { float: left !important; height: 70px; } } .ad-logo-js img { height:90px; } .ad-logo-js { float: right; margin-right:150px; } .button-job-js:hover { background-color: #d4000e !important; color:white !important; } .button-job-js a:hover { background-color: #d4000e !important; color:white !important; } </style> <header id="header">  <div class="top-menu">  <div class="container">  <ul class="left-top-menu"> <li class="address"><a>Established 1996</a></li> </ul>   <ul class="right-top-menu pull-right"> <li style="margin-top:25px;"> <div class="search-container"> <div class="search-icon-btn"> <span><i class="fa fa-search"></i></span> </div> <div class="search-input" style="position: absolute; right: 40px; z-index: 1;"> <script> function checkform(msg) { document.search.submit(); } </script> <form name="search" id="search" action="/pa/search.php" method="POST"> <input type="search" class="search-bar" placeholder="Search..." title="Search" id="querystring" name="querystring" /> </form> </div> </div> </li> </ul>   </div>  </div>   <div class="container">  <div class="header-logo"><a href="/pa/index.php"><img src="/pa/img/pa-logo.gif" alt="Site Logo" /> </a></div>   <div class="header-add-place"> <div class="desktop-add" style="padding-top:20px;"> <div id="adbannerwrapjs"> <ins class='dcmads' style='display:inline-block;width:728px;height:90px' data-dcm-placement='N830975.140386PENSIONSAGE/B31943960.407014362' data-dcm-rendering-mode='iframe' data-dcm-https-only data-dcm-api-frameworks='[APIFRAMEWORKS]' data-dcm-omid-partner='[OMIDPARTNER]' data-dcm-gdpr-applies='gdpr=${GDPR}' data-dcm-gdpr-consent='gdpr_consent=${GDPR_CONSENT_755}' data-dcm-addtl-consent='addtl_consent=${ADDTL_CONSENT}' data-dcm-ltd='false' data-dcm-resettable-device-id='' data-dcm-app-id=''> <script src='https://www.googletagservices.com/dcm/dcmads.js'></script> </ins></div> </a> </div> </div>   <nav class="navbar navbar-default" id="mobile-nav"> <div class="navbar-header"> <button type="button" class="navbar-toggle" data-toggle="collapse" id="sidenav-toggle"> <span class="icon-bar"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> </button> <div class="sidenav-header-logo"><a href="/pa/index.php"><img src="/pa/img/pa-logo.gif" alt="Site Logo" /> </a></div> </div> <div class="sidenav" data-sidenav data-sidenav-toggle="#sidenav-toggle"> <button type="button" class="navbar-toggle active" data-toggle="collapse"> <span class="icon-bar"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> </button> <div class="sidenav-brand"> <div class="sidenav-header-logo"><a href="/pa/index.php"><img src="/pa/img/pa-logo.gif" alt="Site Logo" /> </a></div> </div> <ul class="sidenav-menu"> <li class="active"><a href="/pa/index.php">Home</a></li> <li><a href="/pa/aboutus.php">About</a> </li> <li><a href="/pa/signuppa.php">Sign Up</a> </li> <li><a href="/pa/contactus.php">Contact</a></li> <li><a href="/pa/video-archives.php">Videos</a></li> <li><a href="/pa/roundtable-archive.php">Roundtables</a></li> <li><a href="/pa/pensionsblog.php">Blog</a></li> <li><a href="/jobs">Jobs</a></li> <li><a href="/pa/pa-digital-editions.php">Digital Editions</a></li> <li><a target="_blank" href="http://www.pensionsage.com/awards/">Pensions Age Awards</a></li> <li><a class="active">Other Awards</a> <div class="icon-sub-menu" data-sidenav-dropdown-toggle><span class="sidenav-dropdown-icon show" data-sidenav-dropdown-icon></span><span class="sidenav-dropdown-icon up-icon" data-sidenav-dropdown-icon></span></div> <ul class="sidenav-dropdown" data-sidenav-dropdown> <li><a target="_blank" href="http://www.europeanpensions.net/awards/">European Pensions Awards</a> </li> <li><a target="_blank" href="http://www.europeanpensions.net/irishawards/">Irish Awards</a></li> </ul> </li> <li><a class="active">Conferences</a> <div class="icon-sub-menu" data-sidenav-dropdown-toggle><span class="sidenav-dropdown-icon show" data-sidenav-dropdown-icon></span><span class="sidenav-dropdown-icon up-icon" data-sidenav-dropdown-icon></span></div> <ul class="sidenav-dropdown" data-sidenav-dropdown> <li><a target="_blank" href="https://www.pensionsage.com/northernconference/">Northern Conference</a></li> <li><a target="_blank" href="https://www.pensionsage.com/springconference/">Spring Conference</a></li> <li><a target="_blank" href="https://www.pensionsage.com/autumnconference/">Autumn Conference</a></li>   </ul> </li>  <li><a href="/pa/events.php">Events</a></li> <li><a target="_blank" href="http://www.europeanpensions.net/ep/">European Pensions</a></li> <li><a href="/pa/podcast-archives.php">Podcasts</a></li> </ul> </div> </nav>  </div>   <div class="navbar" id="fixed-navbar">  <div class="main-menu nav navbar-collapse collapse" id="fixed-navbar-toggle">  <div class="container">  <ul class="nav navbar-nav"> <li><a href="/pa/index.php">Home</a></li> <li><a href="/pa/aboutus.php">About</a> </li> <li><a href="/pa/signuppa.php">Sign Up</a> </li> <li><a href="/pa/contactus.php">Contact</a></li> <li><a href="/pa/video-archives.php">Videos</a></li> <li><a href="/pa/pensionsblog.php">Blog</a></li> <li class="button-job-js" style="background-color: #fcfcfc;border-top: solid 1px #d4000e;border-bottom: solid 1px #d4000e;"><a style="color: #d4000e; font-weight: 500;" href="/jobs">Jobs</a></li> <li><a href="/pa/pa-digital-editions.php">Digital Editions</a></li> <li><a target="_blank" href="http://www.pensionsage.com/awards/">Pensions Age Awards</a></li> <li class="dropdown"> <a class="dropdown-toggle" data-toggle="dropdown">Other Awards</a> <ul class="dropdown-menu"> <li><a target="_blank" href="http://www.europeanpensions.net/awards/">European Pensions Awards</a> </li> <li><a target="_blank" href="http://www.europeanpensions.net/irishawards/">Irish Awards</a></li> </ul> </li> <li class="dropdown"> <a class="dropdown-toggle" data-toggle="dropdown">Conferences</a> <ul class="dropdown-menu"> <li><a target="_blank" href="https://www.pensionsage.com/springconference/">Spring Conference</a></li> <li><a target="_blank" href="https://www.pensionsage.com/northernconference/">Northern Conference</a></li>  <li><a target="_blank" href="https://www.pensionsage.com/autumnconference/">Autumn Conference</a></li>   </ul> </li> </ul>  </div>  </div>   <div class="second-menu navbar" id="nav-below-main">  <div class="container">  <div class="collapse navbar-collapse nav-below-main">  <ul class="nav navbar-nav">  <li><a href="/pa/events.php">Events</a></li> <li><a href="/pa/roundtable-archive.php">Roundtables</a></li> <li><a target="_blank" href="http://www.europeanpensions.net/ep/">European Pensions</a></li> <li style="background-color: #ed1c24;"><a style="color: white;font-weight: 500;" href="/pa/podcast-archives.php">Podcasts</a></li> </ul>  </div>   <div class="clock"> <div id="time"></div> <div id="date"></div> </div>  </div>  </div>  </div> </header>   <section id="main-section" class="box"> <p><a class="divLink" target="_blank" href="https://thepeoplespension.co.uk/employers/what-we-offer/?utm_source=brand&utm_medium=ad_print&utm_campaign=Y-AP-TPP-0005-1028-ENG"></a></p>  <section class="module">  <div class="container" style="padding: 25px 0 0 0 !important;">   <div class="outer"> <div class="breaking-ribbon"> <h4>Latest News</h4> </div>  <div class="newsticker"> <ul> <li> <h4><a href="/pa/UK-pension-funds-LDI-resiliance-improves-since-2022-gilts-crisis.php"> UK pension funds more resilient following LDI fund improvements</a></h4> </li> <li> <h4><a href="/pa/TPO-orders-former-trustees-to-pay-5-2-m-into-scheme.php"> TPO orders trustees to repay £5.2m to three pension schemes</a></h4> </li> <li> <h4><a href="/pa/open-letter-reveals-strong-backing-formansion-house-reforms.php"> Open letter reveals 'strong' industry backing for Mansion House reforms</a></h4> </li> <li> <h4><a href="/pa/DB-schemes-should-consider-non-price-factors-when-assessing-insurers.php"> DB schemes should consider non-price factors when assessing insurers</a></h4> </li> <li> <h4><a href="/pa/Blog-Pension-scams-in-eastenders.php"> Blog: Eastenders shines a spotlight on pension scams</a></h4> </li> <li> <h4><a href="/pa/This-week-in-Pensions-25-30-November-2024.php"> This week in Pensions: 25-30 November 2024</a></h4> </li> </ul> <div class="navi"> <button class="up"><i class="fa fa-caret-left"></i></button> <button class="down"><i class="fa fa-caret-right"></i></button> </div> </div>  </div>   </div> </section>   <section class="module"> <div></div>  <div class="container" style="padding: 0;">  <div class="row no-gutter">  <div class="col-md-7">  <div class="row no-gutter"> <div class="col-md-12"> <div id="adbannerwrapjsx"><center><a href="http://www.pensionsage.com/pa/link.php?url= https://www.pensionsage.com/awards/booking_form.php" target="_blank"><img src="https://www.pensionsage.com/pa/../../pa/images/728x90__MPU_animated-pa-awards-1123.gif" border="0""></a></center></div> </div> </div>  <div class="row no-gutter" style="margin-bottom:20px;"> <div class="col-md-12"> <div id="adbannerwrapjs"><a href="http://www.pensionsage.com/pa/link.php?url= https://www.pensionsage.com/springconference/" target="_blank"><img src="https://www.pensionsage.com/pa/../../pa/images/728x90__MPU---animated-pa-spring-conf-1124.gif" border="0""></a></div> </div> </div>  <article class="post post-full clearfix"> <div class="title-left title-style04 underline04"> <h2 style="font-weight: 500;line-height: normal;font-size: 3rem;"> DB pension transfer values fall to lowest value since October 2023 </h2> </div> <div class="post-meta-elements" style="margin: 10px 0 10px 0; width: 100%; background-color: #f7f7f7; padding: 5px 10px; color: #101010;"> <address class="post-meta-author author"> <i class="fa fa-user"></i>By Paige Perrin</address> <time pubdate datetime="26/11/24" class="post-meta-date"> <i class="fa fa-calendar"></i>26/11/24</time> </div> <div class="entry-main"> <div class="entry-content"> <p>Defined benefit (DB) pension transfer values fell by almost 2 per cent during October 2024, falling to their lowest value since October 2023, according to analysis from XPS Group. <br /> <br /> XPS Group's Transfer Value Index showed that average DB pension transfer value stood at £153,000 at the end of October, down from £156,000 at the end of September, continuing the trend of two consecutive month-on-month decreases in the index.<br /> <br /> According to XPS, the primary driver for falling transfer values was the recent increase in gilt yields, partly due to investor uncertainty around the Chancellor's announcement of increased borrowing in the Autumn Budget. <br /> <br /> This has only been slightly offset by the small increase in long-term inflation expectations. <br /> <br /> Commenting on the fall, XPS Group senior consultant, Helen Cavanagh, said: “The Transfer Value Index has reached its lowest point since October 2023, which is also the second lowest month-end position since the index was first published.<br /> <br /> “In contrast, transfer activity saw a slight uptick, which may suggest that the volume of transfers is less sensitive to the actual sizes of the transfers compared to other factors.”<br /> <br /> Indeed, the Transfer Activity Index increased slightly over the month of October 2024, with an annualised rate of 18 members in every 1,000 transferring their benefits to alternative arrangements. <br /> <br /> Despite this, XPS Group said the level of transfer activity continued to be low. <br /> <br /> Meanwhile, XPS Group’s latest Scam Flag Index found that 86 per cent of cases reviewed by its Scam Protection Service in October raised at least one scam warning flag, a fall of 1 per cent compared to the previous month.</p> <br> <hr> <div class="sharewrap"> <div class="sharestorytext">Share Story:</div> <div class="jsiconwrap"> <a href="https://x.com/intent/tweet?text=DB pension transfer values fall to lowest value since October 2023&url=https://pensionsage.com/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php"> <i class="fa-brands fa-square-x-twitter" style="color:black;"></i> </a> </div> <div class="jsiconwrap"> <a href="http://www.linkedin.com/shareArticle?url=https://pensionsage.com/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php"> <i class="fa-brands fa-linkedin" style="color:#3371b7;"></i> </a> </div> </div> </div> </div> </article>  <div class="comment-title title-style01"> <h3>Recent Stories</h3> </div>  <div class="article"> <div class="entry-block-small"> <div class="entry-image"><a class="img-link" href="/pa/Wednesbury-Pension-Scheme-completes-43-million-buy-in-with-Just-Group.php?utm_source=jsrecent"><img class="img-responsive img-full" src="/pa/images/2019-handshake.jpg"></a></div> <div class="content"> <h3><a href="/pa/Wednesbury-Pension-Scheme-completes-43-million-buy-in-with-Just-Group.php?utm_source=jsrecent">Wednesbury Pension Scheme completes £43m buy-in with Just Group</a></h3> <div> <a href="/pa/Wednesbury-Pension-Scheme-completes-43-million-buy-in-with-Just-Group.php?utm_source=jsrecent"><span class="read-more">READ STORY</span></a> </div> </div> </div> <div class="entry-block-small"> <div class="entry-image"><a class="img-link" href="/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php?utm_source=jsrecent"><img class="img-responsive img-full" src="/pa/images/2019-chart-decline-min.jpg"></a></div> <div class="content"> <h3><a href="/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php?utm_source=jsrecent">DB pension transfer values fall to lowest value since October 2023</a></h3> <div> <a href="/pa/DB-pension-transfer-values-fall-to-lowest-value-since-October-2023.php?utm_source=jsrecent"><span class="read-more">READ STORY</span></a> </div> </div> </div> <div class="entry-block-small"> <div class="entry-image"><a class="img-link" href="/pa/TPO-upholds-complaint-against-Mid-Air-Site-Services-Ltd-for-unpaid-pension-contributions.php?utm_source=jsrecent"><img class="img-responsive img-full" src="/pa/images/The-Pensions-Ombudsman-Logo-jobs.png"></a></div> <div class="content"> <h3><a href="/pa/TPO-upholds-complaint-against-Mid-Air-Site-Services-Ltd-for-unpaid-pension-contributions.php?utm_source=jsrecent">TPO orders employer to pay outstanding pension contributions</a></h3> <div> <a href="/pa/TPO-upholds-complaint-against-Mid-Air-Site-Services-Ltd-for-unpaid-pension-contributions.php?utm_source=jsrecent"><span class="read-more">READ STORY</span></a> </div> </div> </div> </div>   <div class="row no-gutter"> <div class="col-md-12"> <div style="float:left;width:100%;"> <div id="adbannerwrapjs"><a href=" " target=""></a></div> </div> </div> </div> <br>  </div>   <div class="col-md-3"> <div class="sidebar-add-place"> <div class="ft_async_tag"> <noscript> <a href="https://servedby.flashtalking.com/click/1/243387;8498616;0;209;0/?gdpr=${GDPR}&gdpr_consent=${GDPR_CONSENT_78}&us_privacy=${US_PRIVACY}&ft_width=300&ft_height=250&url=39252371" target="_blank"> <img border="0" src="https://servedby.flashtalking.com/imp/1/243387;8498616;205;gif;PensionsAge;Display300x250/?gdpr=${GDPR}&gdpr_consent=${GDPR_CONSENT_78}&us_privacy=${US_PRIVACY}"> </a> </noscript> <img src="data:image/png,ft" style="display: none" onerror=' (function(img) { window.ftClick = ""; window.ftExpTrack_8498616 = ""; window.ftX = ""; window.ftY = ""; window.ftZ = ""; window.ftOBA = 1; window.ftContent = ""; window.ftCustom = ""; window.ft300x250_OOBclickTrack = ""; window.ftRandom = Math.random()*1000000; window.ftClick_8498616 = ftClick; if(typeof(ft_referrer)=="undefined"){window.ft_referrer=(function(){var r="";if(window==top){r=window.location.href;}else{try{r=window.parent.location.href;}catch(e){}r=(r)?r:document.referrer;}while(encodeURIComponent(r).length>1000){r=r.substring(0,r.length-1);}return r;}());} var ftDomain = (window==top)?"":(function(){var d=document.referrer,m=(d)?d.match("(?::q/q/)+([qw-]+(q.[qw-]+)+)(q/)?".replace(/q/g,decodeURIComponent("%"+"5C"))):"",h=(m&&m[1])?m[1]:"";return (h&&h!=location.host)?"&ft_ifb=1&ft_domain="+encodeURIComponent(h):"";}()); var ftV_8498616={pID:"8498616",width:"300",height:"250",params:{ftx:window.ftX,fty:window.ftY,ftadz:window.ftZ,ftscw:window.ftContent,ft_custom:window.ftCustom,ft_id:window.ftID||"",ft_idEnabled:window.ftIDEnabled||"",ftOBA:window.ftOBA,ft_domain:((ftDomain||"").match(RegExp("&ft_domain=([^&$]+)","i"))||["",""])[1],ft_ifb:((ftDomain||"").match(RegExp("&ft_ifb=([^&$]+)","i"))||["",""])[1],ft_agentEnv:window.mraid||window.ormma?"1":"0",ft_referrer:encodeURIComponent(window.ft_referrer),gdpr:"${GDPR}",gdpr_consent:"${GDPR_CONSENT_78}",us_privacy:"${US_PRIVACY}",ftClick:window.ftClick,cachebuster:window.ftRandom},winVars:{ftClick_8498616:window.ftClick_8498616,ftExpTrack_8498616:window.ftExpTrack_8498616,ft300x250_OOBclickTrack:window.ft300x250_OOBclickTrack},DTimeout:1E3,GTimeout:1E3}, ftPProc=function(d){var c=this;d=JSON.parse(JSON.stringify(d));var f=[],l=function(a,b){b="undefined"===typeof b||isNaN(b)?1:parseInt(b,10);a=a||"";for(var e=0<=b?b:0;e--;)a=encodeURIComponent(a);return a},h=function(a){a=a.constructor==Array?a:[];for(var b=0;b<a.length;b++){var e=a[b].t&&"w"==a[b].t?"winVars":"params",c=d[e][a[b].p],g=l(a[b].n||"",a[b].e),h=l(a[b].v||"",a[b].e);g=(g?g+":":"")+h;""!==g&&(c="undefined"===typeof c||""===c||"o"===a[b].m?"":c+";",d[e][a[b].p]=c+g)}a=!0;for(b=0;b<f.length;b++)if(!f[b].deployed){a=!1;break}a&&k()},k=function(){k=function(){};deployTag()};c.getVars=function(a){return JSON.parse(JSON.stringify(a?"string"===typeof a&&"undefined"!==typeof d[a]?d[a]:{}:d))};c.getSrcString=function(){var a=c.getVars("params"),b=[],e;for(e in a)a.hasOwnProperty(e)&&"undefined"!==typeof a[e]&&""!==a[e]&&b.push(e+"="+a[e]);return b.join("&")};c.deployWinVars=function(){var a=c.getVars("winVars"),b;for(b in a)a.hasOwnProperty(b)&&"undefined"!==typeof a[b]&&(window[b]=a[b])};c.addPProc=function(a){a.deployed=!1;f.push(a)};c.init=function(){d.v=5;var a=[];0===f.length?k():(f.forEach(function(b){a.push(b.id);b.timeout=parseInt(isNaN(b.timeout)?d.DTimeout:b.timeout,10);b.timer=setTimeout(function(){var a={};clearTimeout(b.timer);b.deployed||(b.deployed=!0,h(a))},b.timeout||d.DTimeout);b.deploy(c.getVars(),function(a){clearTimeout(b.timer);b.deployed||(b.deployed=!0,h(a))})}),window["ftPPIDs_"+d.pID]=d.v+";"+a.join(","))}},ft8498616PP = new ftPProc(ftV_8498616); var deployTag = function(){deployTag = function(){};clearTimeout(gTimer);ft8498616PP.deployWinVars(); var ftTag = document.createElement("script"); ftTag.id = "ft_servedby_8498616"; ftTag.src = "https://servedby.flashtalking.com/imp/1/243387;8498616;201;jsappend;PensionsAge;Display300x250/?"+ft8498616PP.getSrcString(); ftTag.name = "ftscript_300x250"; img.parentNode.insertBefore(ftTag, img.nextSibling); },gTimer = setTimeout(function(){clearTimeout(gTimer);deployTag();},ftV_8498616.GTimeout);ft8498616PP.init(); })(this); '> </div> </div>  <div class="sidebar-add-place"><a href="/pa/signup-new-mpu-0124" class="link-06c"></a><p class="rightsmall"><div style="padding-top:0px;"><a href="https://www.pensionsage.com/pa/signuppa.php" target="_blank"><img src="/pa/images/pa_mpu-enews_advert-012024.jpg" border="0" alt="BANNER" title="BANNER"></a></div></p></div>  <div class="jswrap4"><div class="jstitle4">Closing the gender pension gap</div><div class="jswrap5"><video class="jsvideo4" poster="/pa/images/270x170_ScotWidows_PensionGap.jpg" controls="" width="100%"><source src="/pa/jwplayer/ScottishWidows_PA.mp4" type="video/mp4"><source src="/jwplayer/" type="video/ogg"> Your browser does not support HTML5 video.</video></div><div class="jswrap6"><div class="jstext4">Laura Blows discusses the gender pension gap with Scottish Widows head of workplace strategic relationships, Jill Henderson, in our latest Pensions Age video interview</div></div></div> <br> <div class="jswrap4"><div class="jstitle4">Endgames and LDI: Lessons to be learnt</div><div class="jswrap5"><video class="jsvideo4" poster="/pa/images/270x170-ssga-video-interview-PLSA-show.jpg" controls="" width="100%"><source src="/pa/jwplayer/StateStreetGlobalInvestors_2.mp4" type="video/mp4"><source src="/jwplayer/" type="video/ogg"> Your browser does not support HTML5 video.</video></div><div class="jswrap6"><div class="jstext4">At the PLSA Annual Conference, Laura Blows spoke to State Street Global Advisors EMEA head of LDI, Jeremy Rideau, about DB endgames and LDI in the wake of the gilts crisis of two years ago</div></div></div> <br>  <div class="jswrap4"><div class="jstitle4">Keeping on track</div><div class="jswrap5"><img src="/pa/images/Podcast-main-picture-2new.jpg"><audio controls><source src="/pa/podcast/PDP-podcast-final.mp3" type="audio/ogg"><source src="/pa/podcast/PDP-podcast-final.mp3" type="audio/mpeg">Your browser does not support the audio element.</audio></div><div class="jswrap6"><div class="jstext4">In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track</div></div></div> <div class="jswrap4"><div class="jstitle4">Building investments in a DC world</div><div class="jswrap5"><img src="/pa/images/Podcast-main-picture-replacement.jpg"><audio controls><source src="/pa/podcast/PA-USSIM-podcast.mp3" type="audio/ogg"><source src="/pa/podcast/PA-USSIM-podcast.mp3" type="audio/mpeg">Your browser does not support the audio element.</audio></div><div class="jswrap6"><div class="jstext4">In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets</div></div></div> <br> <div class="sidebar-tabs"> <div class="panel"> <div class="panel-body"> <div class="tabbable">  <ul class="nav nav-tabs nav-tabs-solid nav-justified"> <li class="active"><a href="#solid-justified-tab1" data-toggle="tab" aria-expanded="true">Popular</a></li> <li class=""><a href="#solid-justified-tab2" data-toggle="tab" aria-expanded="false">Recent</a></li> <li class=""><a href="#solid-justified-tab3" data-toggle="tab" aria-expanded="false">Jobs</a></li> </ul>  <div class="tab-content">  <div class="tab-pane active" id="solid-justified-tab1"> <ul> <li><a href="/pa/blog-mental-health-awareness-week-2024.php"> <div class="mostreadnumbers">1</div> <p>Blog: Mental Health Awareness Week 2024</p> </a></li> <li><a href="/pa/Unnamed-pension-scheme-completes-first-BPA-deal-tos-hare-value-with-corporate-sponsor.php"> <div class="mostreadnumbers">2</div> <p>Unnamed pension scheme completes £500m 'first of its kind' BPA deal </p> </a></li> <li><a href="/pa/DC-pension-savers-at-risk-of-advice-gap-both-at-and-in-retirement.php"> <div class="mostreadnumbers">3</div> <p>DC pension savers ‘at risk’ of advice gap both at and in retirement</p> </a></li> <li><a href="/pa/pensions-minister-announced-as-pensions-age-spring-conference-2025-keynote.php"> <div class="mostreadnumbers">4</div> <p>Pensions Minister revealed as Pensions Age Spring Conference keynote</p> </a></li> <li><a href="/pa/TPR-to-shift-regulatory-approachas-schemes-reach-systemically-important-size.php"> <div class="mostreadnumbers">5</div> <p>TPR to shift regulatory approach as schemes reach systemically important size</p> </a></li> <li><a href="/pa/Blog-Pensions-Awareness-Week-2024.php"> <div class="mostreadnumbers">6</div> <p>Blog: Pensions Awareness Week 2024</p> </a></li> <li><a href="/pa/Electricity-Supply-pension-scheme-completes-buy-in-with-Aviva.php"> <div class="mostreadnumbers">7</div> <p>National Grid pension scheme completes £1.7bn buy-in with Aviva </p> </a></li> <li><a href="/pa/Blog-The-voices-behind-the-megaphone.php"> <div class="mostreadnumbers">8</div> <p>Pension Attention 2024: The voices behind the megaphone </p> </a></li> <li><a href="/pa/Brits-delaying-retirement-by-almost-4-years-due-to-high-cost-of-living.php"> <div class="mostreadnumbers">9</div> <p>Brits delaying retirement by almost four years due to high cost of living</p> </a></li> <li><a href="/pa/Govt-urged-to-rethink-IHT-on-pensions-proposals.php"> <div class="mostreadnumbers">10</div> <p>Govt urged to rethink IHT on pensions proposals</p> </a></li>  </ul> </div>   <div class="tab-pane" id="solid-justified-tab2"> <ul> <li><a href="/pa/UK-pension-funds-LDI-resiliance-improves-since-2022-gilts-crisis.php"> <div class="mostreadnumbers">1</div> <p>UK pension funds more resilient following LDI fund improvements </p> </a></li> <li><a href="/pa/Blog-Pension-scams-in-eastenders.php"> <div class="mostreadnumbers">2</div> <p>Blog: Eastenders shines a spotlight on pension scams </p> </a></li> <li><a href="/pa/New-EastEnders-storyline-highlights-impact-of-pension-scams.php"> <div class="mostreadnumbers">3</div> <p>TPR issues call to action as EastEnders highlights impact of pension scams</p> </a></li> <li><a href="/pa/open-letter-reveals-strong-backing-formansion-house-reforms.php"> <div class="mostreadnumbers">4</div> <p>Open letter reveals 'strong' industry backing for Mansion House reforms </p> </a></li> <li><a href="/pa/news-in-brief-29-November.php"> <div class="mostreadnumbers">5</div> <p>News in brief - 29 November 2024</p> </a></li> <li><a href="/pa/TPO-orders-former-trustees-to-pay-5-2-m-into-scheme.php"> <div class="mostreadnumbers">6</div> <p>TPO orders trustees to repay £5.2m to three pension schemes </p> </a></li> <li><a href="/pa/DB-schemes-should-consider-non-price-factors-when-assessing-insurers.php"> <div class="mostreadnumbers">7</div> <p>DB schemes should consider non-price factors when assessing insurers </p> </a></li> <li><a href="/pa/This-week-in-Pensions-25-30-November-2024.php"> <div class="mostreadnumbers">8</div> <p>This week in Pensions: 25-30 November 2024</p> </a></li> <li><a href="/pa/EQRS-chosen-to-support-Royal-Mail-Collective-plan-deliver.php"> <div class="mostreadnumbers">9</div> <p>EQ Retirement Solutions to help deliver Royal Mail CDC scheme </p> </a></li> <li><a href="/pa/TPR-to-shift-regulatory-approachas-schemes-reach-systemically-important-size.php"> <div class="mostreadnumbers">10</div> <p>TPR to shift regulatory approach as schemes reach systemically important size</p> </a></li>  </ul> </div>   <div class="tab-pane" id="solid-justified-tab3"> <ul> <li><a href="/jobs/Trustee-Director-of-the-Peoples-Pension-Trustee-Limited-2024-11-27.php"> <div class="mostreadnumbers">1</div> <p>Trustee Director of the People’s Pension Trustee Limited</p> </a></li> <li><a href="/jobs/Pensions-Project-Manager-22-11-2024.php"> <div class="mostreadnumbers">2</div> <p>Pensions Project Manager</p> </a></li> <li><a href="/jobs/Assistant-Trustee-Executive-22-11-2024.php"> <div class="mostreadnumbers">3</div> <p>Assistant Trustee Executive</p> </a></li> <li><a href="/jobs/DC-Pensions-Governance-15-11-2024-.php"> <div class="mostreadnumbers">4</div> <p>DC Pensions Governance</p> </a></li> <li><a href="/jobs/In-House-Scheme-Pensions-Specialist-Buy-out-project-work-daily-administration-14-11-2024.php"> <div class="mostreadnumbers">5</div> <p>In-House Scheme, Pensions Specialist, Buy-out project work & daily administration</p> </a></li> <li><a href="/jobs/Senior-Pensions-Manager-In-House-07-11-2024.php"> <div class="mostreadnumbers">6</div> <p>Senior Pensions Manager, In-House</p> </a></li> <li><a href="/jobs/Senior-Pensions-Client-Manager-07-11-2024-22-11-2024-REMOVED-DWB.php"> <div class="mostreadnumbers">7</div> <p>Senior Pensions Client Manager</p> </a></li> <li><a href="/jobs/Assistant-Trustee-Executive-15-11-2024-22-11-2024-REMOVED-DWB.php"> <div class="mostreadnumbers">8</div> <p>Associate Pensions Executive, Governance</p> </a></li> <li><a href="/jobs/Independent-Chair-to-the-Pension-Board-Members-of-the-Senedd-Pension-Scheme-06-11-2024.php"> <div class="mostreadnumbers">9</div> <p>Independent Chair to the Pension Board – Members of the Senedd Pension Scheme</p> </a></li> <li><a href="/jobs/Senior-Pensions-Projects-Administrator-01-11-2024-07-11-2024-REMOVED-DWB.php"> <div class="mostreadnumbers">10</div> <p>Senior Pensions Projects Administrator</p> </a></li>  </ul> </div>  </div> </div> </div> </div> </div> </div>  <div class="col-md-2"> <div class="sidebar-add-place"> <A TARGET="_blank" HREF="http://www.pensionsage.com/pa/link.php?url= https://www.pensionsage.com/awards/booking_form.php" ALT=""><img src="https://www.pensionsage.com/pa/../../pa/images/120x600_animated-pa-awards-1123.gif" border="0""></a> <A HREF="http://www.pensionsage.com/pa/link.php?url= " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="_blank" HREF="http://www.pensionsage.com/pa/link.php?url= https://www.europeanpensions.net/irishawards/winners24.php" ALT="AWARDS"><img src="https://www.pensionsage.com/pa/../../pa/images/IPA2024_Winners_120x600.gif" border="0""></a> <A HREF="http://www.pensionsage.com/pa/link.php?url= " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="_blank" HREF="http://www.pensionsage.com/pa/link.php?url= https://www.europeanpensions.net/awards/entry_form.php" ALT="BANNER"><img src="https://www.pensionsage.com/pa/../../pa/images/EPA2025_ofe_120x600 animated.gif" border="0""></a> <A HREF="http://www.pensionsage.com/pa/link.php?url= " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="_blank" HREF="http://www.pensionsage.com/pa/link.php?url= https://www.pensionsage.com/springconference/" ALT="BANNER"><img src="https://www.pensionsage.com/pa/../../pa/images/120x600_skyscraper---animated-PA-spring-conference.gif" border="0""></a> <A HREF="http://www.pensionsage.com/pa/link.php?url= " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="_blank" HREF="http://www.pensionsage.com/pa/link.php?url= https://www.moneyage.co.uk/assetmanagementawards/entry_form.php" ALT="AWARDS"><img src="https://www.pensionsage.com/pa/../../pa/images/WAMA25_ofe_120x600 static.jpg" border="0""></a> <A HREF="http://www.pensionsage.com/pa/link.php?url= " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="" HREF=" " ALT=""></a> <A HREF=" " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="" HREF=" " ALT=""></a> <A HREF=" " ALT=""></a> </div> </div>  </div>  </section>   <IMG SRC="https://ad.doubleclick.net/ddm/trackimp/N830975.140386PENSIONSAGE/B31943960.394421751;dc_trk_aid=585717056;dc_trk_cid=214703612;ord=1732958270;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?" attributionsrc BORDER="0" HEIGHT="1" WIDTH="1" ALT="Advertisement"> <div class="container"> <div class="card" style="margin-top: 70px"> <div class="card-body"> <div id="fillme"></div> </div> </div> </div>  <div class="text-center cookiealert" role="alert"> We use cookies to ensure you get the best experience on our website. I confirm I am an institutional investor. <a href="http://www.perspectivepublishing.com/privacy_policy.html" target="_blank" style="color: #3fd600;">Learn More</a> <button type="button" class="btn btn-sm acceptcookies"> Accept </button> </div>    <script src="/pa/bootstrap/js/cookiealert.js"></script>  <div id="copyrights">  <div class="container">  <div class="copyright"> © 2019 Perspective Publishing     <a style="color:white;" href="http://www.perspectivepublishing.com/privacy_policy.html">Privacy & Cookies</a></div>   <div class="footer-social-icons"> <ul> <li> <a href="https://www.twitter.com/pensionsage" class="twitter"><i class="fa-brands fa-square-x-twitter"></i></a> </li> </ul> </div>  </div>  </div>  </div>   <script src="/pa/bootstrap/js/jquery-3.1.1.min.js"></script> <script src="/pa/bootstrap/js/bootstrap.min.js"></script> <script src="/pa/bootstrap/js/jquery-ui.min.js"></script> <script src="/pa/bootstrap/js/plugins.js"></script>  <script src="/pa/bootstrap/js/functions.js?ver=1"></script> </body> </html>

CINXE.COM

DB pension transfer values fall to lowest value since October 2023 - Pensions Age Magazine