An EnhancedTransferValue (ETV) exercise offers members a once-off opportunity to transfer the value of the pension, on enhanced terms, to another pension arrangement while also offering the company and trustees an opportunity to de-risk the pension scheme. Oct 28, 2025 · In this guide we explain how defined benefit schemes work and what an EnhancedTransferValue (ETV) involves. We set out the advantages and the risks of taking a transfervalue. Oct 24, 2025 · With a transfervalue you move to a defined contribution arrangement such as a Personal Retirement Bond or Approved Retirement Fund. You control how the money is invested and you can change your investment strategy at any time. You also decide how and when you draw your pension. Apr 7, 2026 · A pensiontransfervalue is more than just a number — it's shaped by discount rates, IRS rules, and your plan's funding status. Here's what to know before you decide. Mar 5, 2026 · Key Point: An ETV exercise is entirely voluntary. Declining the offer has no impact on your deferred pension entitlement. You retain your full accrued benefits if you choose not to transfer — the deadline applies only to the enhanced uplift, not your scheme membership. Aug 10, 2021 · Just because you have an enhancedpensiontransfervalue it does not mean you should automatically be looking to transfer out. There are a number of factors to consider before deciding to potentially transfer or not. This EnhancedTransferValue is what members are offered to trade in their Defined Benefit (DB) pension arrangement. Below is an example of how the process may work.If these details are incorrect it could potentially affectyourEnhancedTransferValue.
