Selectapension beefs up defined benefit TVAS offering

The new tool, which will incorporate the existing DB TVAS tool along with a lifetime allowance (LTA) calculator, and a new transfer value comparator (TVC), is set to launch on 2 July. The TVC will enable users to calculate the cost of buying the equivalent scheme benefits in today's money, which - from October 2018 - will become a mandatory part of an analysis report for all those advising on occupational pension transfers. Additionally, the firm is launching a new LTA calculator, which will enable users to model scheme comparisons, critical yields and transfer value comparisons that ...