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We have analysed defined benefit (DB) cash equivalent transfer values (CETVs) over the twelve months to 31 March 2024.
A typical CETV for a 60-year-old decreased by around 11% for inflation linked increases and around 9% for fixed increases over the twelve months to 31 March 2024.
Our analysis also shows an increase in the number of transfer quotations requested by pension scheme members over the quarter. However, member requests are still much lower than they were a few years ago.
For more information, download our briefing note today.
"The number of transfer payments has remained at low levels by historical standards. However, for the second quarter in a row, the proportion of quotations accepted by members increased."
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Get your analysis of DB cash equivalent transfer values (CETVs) over the twelve months to 31 March 2024.
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