Liability transfers under fire

Jack Jones takes a look at the future of ETVs and PIEs

clock

Over the last five years many schemes have turned to liability transfer exercises as they attempt to manage their risk. So far these have mostly been one-off projects such as enhanced transfer value exercises where members - typically deferred - are offered an enhancement to trade in a defined benefit for a defined contribution pot.

Another popular option has been the pension increase exchange, where retired members are given the chance to exchange non-statutory future increases in return for a higher starting pension from the...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Revolutionising pensions - everything everywhere all at once?

Revolutionising pensions - everything everywhere all at once?

Helen Ball looks at balancing today’s pensions issues with tomorrow’s bigger picture

Helen Ball
clock 12 January 2026 • 5 min read
Industry backs PPF levy reduction but raises concern over superfund exemption

Industry backs PPF levy reduction but raises concern over superfund exemption

Decision to reduce levy to zero makes sense, but same logic should apply for superfunds

Jonathan Stapleton
clock 05 January 2026 • 3 min read
FCA transfer proposals 'a big step forward' for savers

FCA transfer proposals 'a big step forward' for savers

But People’s Pension disappointed FCA did not recommend a ban on transfer incentives

Jonathan Stapleton
clock 12 December 2025 • 3 min read
Trustpilot