There has been much comment on enhanced transfer value exercises and the related pension increase exchange offers, Kevin LeGrand, president of the Society of Pension Consultants, told guests at its annual dinner last night at the Dorchester Hotel, Park Lane.
He said: “This is an area...
Over 90,000 defined benefit (DB) scheme members have been offered enhanced transfer values (ETVs) to leave their DB schemes in the past three years, with a further 70,000 expected this year, according to a new KPMG survey.
On average, around one in four members typically accepts the offer, with...
Over 90,000 defined benefit (DB) scheme members have been offered enhanced transfer values (ETVs) to leave their DB schemes in past three years, with a further 70,000 expected this year, according to a new KPMG survey.
On average, around one in four members typically accept the offer, with...
John Hodgson, Mercer, says enhanced transfer values can be in members’ interests
Recent uncertainty over both pension indexation and the ultimate contents of the Pension Regulator’s revised guidance has put many enhanced transfer value (ETV) exercises temporarily on hold.
Following clarification in these areas, a burst of ETV activity seems likely, with many trustees...
The Pensions Regulator today published its final guidance on pension transfer incentives. These incentives include enhanced transfer values (ETVs) which companies may offer former employees if they choose to move from the company pension scheme to an alternative plan.
The guidance sets...
Almost three quarters of defined benefit scheme sponsors expect to focus on reducing investment risk in their pension plans during the next five years, according to a Towers Watson survey of UK chief financial officers and finance directors. Only 17% place a greater emphasis on achieving...
