ETVs: an evolving market

Exclusive: Jack Jones looks at KPMG’s Member options survey 2012, which analyses developments in the liability transfer market

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The latest comprehensive survey of liability management exercises from KPMG reveals a market that is evolving rapidly. The research covers the 14 months up to June of this year when a code of conduct was published that now effectively regulates the practice.

Over this period 100 exercises were completed, just over half of which were enhanced transfer value exercises, where members are given the chance to transfer out of a defined benefit scheme. The...

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