DB transfers increased at end of last year

Barnett Waddingham finds CETVs rose 15% in Q4 2023 compared to previous quarter

Jasmine Urquhart
clock • 1 min read
DB CETVs rose at the end of last year, Barnett Waddingham finds
Image:

DB CETVs rose at the end of last year, Barnett Waddingham finds

The value of defined benefit (DB) cash equivalent transfer values (CETVs) increased at the end of last year, Barnett Waddingham analysis finds.

The analysis of the change in CETV amounts for an average 60-year-old over the year to 31 December 2023 found 15% more members transferred out of their DB scheme in Q4 2023 compared to the previous...

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

Partner Insight: Growing the retirement orchard – making sense of CDC

Partner Insight: Growing the retirement orchard – making sense of CDC

BlackRock's Massi Delle Donne explains how CDC could bear greater fruit for pension savers

Massi Delle Donne, Managing Director Institutional Solutions EMEA @ BlackRock
clock 18 June 2026 • 4 min read
Tender Watch: Pensions Archive Trust appoints Barnett Waddingham

Tender Watch: Pensions Archive Trust appoints Barnett Waddingham

Consultancy will provide the trust with pro bono secretariat and governance support

Professional Pensions
clock 02 June 2026 • 1 min read
Majority of DB schemes considering surplus extraction, L&G finds

Majority of DB schemes considering surplus extraction, L&G finds

Firm said ‘thorough preparation’ is key for schemes intending to complete a PRT deal

Holly Roach
clock 31 March 2026 • 3 min read
Trustpilot