Transfer value experience - Q4 2020

We have analysed defined benefit (DB) cash equivalent transfer values (CETVs) over the twelve months to 31 December 2020. 

See how CETV amounts have changed over the quarter and year in response to changes in market conditions for a 60 year old. While CETV amounts for a typical 60 year old fluctuated by around 6% during the second UK lockdown in November 2020, CETV amounts were significantly less volatile than in March 2020.

With schemes increasingly looking to support members with at-retirement and transfer decisions, we have analysed data on IFA-supported transfer value exercises that we are aware have come to the market over the last 12 months. This covers both one-off bulk exercises and also ongoing ‘business-as-usual’ exercises. 

Plus, our charts show the number of CETV quotation and payment requests received weekly across all Barnett Waddingham administration clients over the past year.