Tag Archives: CETV

So you want to pay your own pension costs do you?

Posted on September 25, 2017 by

A new twist to the Pension Transfer Debate has been introduced by Willis Towers Watson (WTW) at a seminar last Tuesday at their London offices. At the event, consultants reported a ripple effect caused by the surge in members transferring out. WTW … Continue reading →

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Why some transfer values may be just TOO HIGH!

Posted on September 7, 2017 by

Earlier this year I wrote a blog “why some transfers are ridiculously high” which set out to explain how DB transfer values are calculated and why they are at present at historical highs. My friend and colleague Alan Smith presented the … Continue reading →

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“Going halves on DB” – the argument for (and against) partial transfers.

Posted on August 29, 2017 by

(Rival) consultancy LCP and insurer Royal London have joined up to produce a paper calling for it to be mandatory for trustees to provide members with the option to take part of their DB pension as pension and part as … Continue reading →

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Transfer values, discount rates and reality – some insight from Con Keating

Posted on August 15, 2017 by

The picture above shows Con holding forth at a lunch in Whitechapel, I think he was talking of this very subject. “What oft was thought but ne’er so well expressed” – thanks Con! Prompted by the publicity surrounding DB pension … Continue reading →

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BSPS2 – a superior kind of lifeboat?

Posted on August 12, 2017 by

The news that members of the British Steel Pension Scheme will have the choice between swapping their pension rights for participation in the Pension Protection Fund of a new Pension Scheme (code-named BSPS2) has been well flagged. It might seem … Continue reading →

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First Actuarial – “scaremongering on solvency is driving people to cash-out their DB pensions.”

Posted on July 28, 2017 by

  In a week when we learned pension freedom withdrawals hit a record £1.9bn, First Actuarial warns advisers’ exaggerated concerns about the ongoing viability of defined benefit (DB) schemes is contributing to the recent surge in people cashing out. A … Continue reading →

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Clarification needed on CETV volumes.

Posted on July 23, 2017 by

  The FT published a number yesterday – £100 million. It is the amount that pensions  administrator JLT are paying out in transfer values every month. It looks a large number. Mischievously I suggested that might be revenue to JLT rather than the … Continue reading →

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Is the mood music on DB transfers changing?

Posted on July 22, 2017 by

The irrational exuberance that characterised the FT’s pension transfer seminar in the spring may have marked a high-water mark in the rush to liberate. Martin Woolf and Merryn Somerset-Webb urged us to take our pension in our own hands (or … Continue reading →

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CETVs; the flight from quality

Posted on June 23, 2017 by

Both the Times and the Financial Times report today on the anticipated voluntary withdrawals from Britain’s DB pensions through cash equivalent transfer values (CETVs). The FT, relying on Mercer as a source, estimate the withdrawals to be as much as … Continue reading →

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The pension transfer debate can’t be left to experts!

Posted on May 28, 2017 by

I’m a big fan of outright hostility on social media, especially if it is directed at me. I don’t rate myself as anywhere near as good as Paul Lewis – who is the master at absorbing and developing such hostility … Continue reading →

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