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The rate at which people are transferring out of their DB pensions hit a record low last month as the value of a typical transfer fell to its lowest point in
Defined benefit (DB) transfer activity fell to record lows in April, research from XPS Pensions Group finds.
Defined benefit (DB) transfer activity fell to record lows in February, research from XPS Pensions Group shows.
XPS Pension Group’s transfer value index fell by around 4% over February to £168,000 – the lowest month-end value since the index was first published in June 2016.
Interest rates come double the normal level at which they would put it up because they worry this high inflation is becoming embedded into the economy. that's quite troubling, very troubling if anyone is on a tracking mortgage where they have costs that will leave but when that happens, but that is how concerned they are about inflation. but of course it is sort of terrifyingly high and they don't seem to be controlling at the moment, the whole point of controlling interest rates is obviously to be able rein in inflation although there is a lag index. so, yes, but it is a pretty bleak story an...