There’s a good chance that the cash transfer value available from your defined benefit pension fell slightly during April. An index that tracks these pension transfer values reported a fall in values last month. According to the Xafinity Transfer Value Index, an indicative pension transfer value fell from £235,000 at the end of March to £232,000 at the end of April. Xafinity calculates this transfer value by considering the amount that would be provided by a sample defined benefit pension scheme to a 64 year old scheme member currently entitled to a deferred pension of £10,000 a year from age 65.
Pension transfer values fall in April
This 645 word blog post looks at the latest Xafinity Transfer Value Index and explains how a cash equivalent transfer value from a defined benefit pension is calculated.