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Likely Impact (if any) Of Base Rate Rise On Pension GTV
Rich20001
Posts: 13 Forumite
Please can anyone advise of the potential impacts (if any) on future pension guaranteed transfer values of FSS pensions. I have recently obtained updated figures on my Barclays pension from Towers Watson - which has seen a £6k reduction in the GTV over the last 3 months. I am not surprised by this as I know values fluctuate, but I wondered if the recent Bank of England base rate change will likely have any impact that will result in more dramatic GTV value swings in the coming months?
I would be grateful for any opinions on this from experts who have a better understanding of these potential impacts, than myself.
Thank you
I would be grateful for any opinions on this from experts who have a better understanding of these potential impacts, than myself.
Thank you
0
Comments
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In general terms, as interest rates rise, transfer values for FSS are likely to fall as interest rates rise - but a key element of the calculation will include the investment strategy being followed by the individual pension scheme concerned, so it's not quite that straightforward.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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