DB pension transfer values fall to lowest value since October 2023

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