Transfer Value Index finds average volumes are £160,000 but 50% lower than last year
Barnett Waddingham finds CETVs rose 15% in Q4 2023 compared to previous quarter
Barnett Waddingham finds total CETVs in Q3 were 80% lower than pre-pandemic levels
HUB says members should not think they have ‘missed the boat’ on reviewing DB options
Barnett Waddingham finds transfer quotations fell by 20% over the last four years
Transfer payments fell by 50% and value requests by 35% compared to previous year
Analysis found the pandemic ‘has not yet had a lasting material impact on member behaviour’
Decline in firms willing to facilitate transfers has not affected members’ interest
Cash equivalent transfer values (CETVs) were "significantly impacted" in a number of key areas by the Covid-19 pandemic, according to research by Barnett Waddingham.
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.