DB CETVs decreased by 30% last year

Analysis by Barnett Waddingham finds gilt yields prompted reduction in transfer values

Jasmine Urquhart
clock • 2 min read
DB CETVs decreased by 30% last year

There has been a 30% fall in cash equivalent transfer values (CETVs) in the 12 months to 31 March 2023, analysis by Barnett Waddingham has found.

The research found that seven bulk exercises came to the market in the 12 months to March 2023, with exercises for between 100 and 1,000 members the most common. However, Q1 2023 saw no new exercis...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Benefit

Budget 26: 'Every penny' of Mineworkers' scheme surplus to be paid back

Budget 26: 'Every penny' of Mineworkers' scheme surplus to be paid back

Chancellor’s commitment comes after last-minute doubts

Alex Levy
clock 28 October 2026 • 2 min read
Government could change course on paying back Mineworkers' surplus, say reports

Government could change course on paying back Mineworkers' surplus, say reports

However, ahead of the Budget campaigners remain optimistic

Alex Levy
clock 28 October 2026 • 2 min read
Partner Insight: What we share sets us apart

Partner Insight: What we share sets us apart

Rosie Fantom, Head of Pension Risk Transfer, explains how BPA Plus combines guaranteed security with the potential to share more value.

Rosie Fantom, Head of Pension Risk Transfer @ M&G
clock 28 October 2026 • 4 min read
Trustpilot