Tag Archives: CETV

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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WTW-you don’t “de-risk”; you transfer risk!

Posted on May 7, 2017 by

In late March, Willis Towers Watson (WTW) published a survey of the choices made by 170,000 members of occupational defined benefit schemes. This is the question the survey sets out to answer “What choices have pension members made since the dawn … Continue reading →

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Isn’t life looking up for our DB Plans?

Posted on May 4, 2017 by

  Say it quietly but the outlook for our defined benefit pension schemes is improving. Members , trustees and sponsoring employers can be heartened by five concurrent signals – all of which suggest that the cataclysm predicted last year by … Continue reading →

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Why we’re forever blowing (transfer) bubbles!

Posted on April 28, 2017 by

    It’s a shame that Alistair Cunningham’s thought-piece on behavioural bias’ encouraging herds of us to “cash-out” our DB pensions, is behind a pay-wall. If you are an FT subscriber you can use the link at the end of … Continue reading →

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A note on transfer values and “reverse transfer risk”.

Posted on March 30, 2017 by

James Greer of Old Mutual is reminding financial advisors that there’s a risk of advising clients to stay put and not take a DB Transfer Value. Our data suggests that only about 15% of transfer values applied for are taken … Continue reading →

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Should we be wary of cheap financial advice?

Posted on March 24, 2017 by

Robert Reid is a very professional IFA and  someone I like a lot. He represents IFAs and stands up for their interests in Money Marketing. His latest article argues that “cheap advice” especially cheap advice on pension transfers, is wrong. … Continue reading →

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My biggest financial decision was made with professional advice.

Posted on March 21, 2017 by

The most important single financial decision facing the baby-boomers of middle England today is what to do with their defined benefit pension rights. It is – alas – a binary decision as few schemes offering split transfer values; the choice is “should I stay … Continue reading →

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