Our Research | Other
See Contents page for an introduction to In Focus plus details of how to register to receive e-alerts to future editions of In Focus and our other publications.
October 2008
Cash equivalent transfer valuesPlease click here to download In Focus (PDF, 95KB)
We have amended our In Focus on the new CETV regime so as to incorporate a summary of the Regulator's guidance.
The Pensions Regulator issued final guidance for trustees on the calculation of transfer values on 29 September 2008, after consulting on the draft guidance that was issued on 8 August (see News). This guidance relates to the new regime for cash equivalent transfer values (CETVs) that came into effect two days later on 1 October 2008.
Although the final guidance is substantially the same as the draft guidance, we are pleased to note that some changes have been made in line with our response to the consultation. The most significant changes relate to the treatment of wind-up expenses when reducing CETVs for underfunding and the treatment of non-standard benefit structures when considering discretionary benefits and members' options.
Additional Links
For further information:
Gary TansleyTel: 01737 841 732
Email: enquiries@hamishwilson.com
This briefing note contains information of general interest and not advice. If you require advice on the implications for your own circumstances, please consult your normal contact.
