Eleanor Daplyn comments on Cash equivalent transfer values (CETVs)
Cash equivalent pension transfers offer members flexibility and lower the funding burden for employers. What’s not to like?
Cash equivalent transfer values (CETVs) are at high levels in the UK defined benefit (DB) pensions sector. This has been caused by the abolition of compulsory annuitisation, the low interest-rate environment (which is resulting in high transfer values) and employers appreciating the derisking advantages of divesting themselves of pension liabilities.
Read the full article in IPE here.