The value of defined benefit (DB) cash equivalent transfer values (CETVs) fell by 7% in the third quarter of 2023, analysis by Barnett Waddingham has found.
Over the 12 months to 30 September 2023, a 60-year-old DB member with inflation-linked pension increases would have seen a typical CETV decrease by 18%, while this was around 15% for a member with ...
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