Transfer request surge sees CETVs back to pre-Covid levels

Decline in firms willing to facilitate transfers has not affected members’ interest

Hope William-Smith
clock • 1 min read

There has been a 50% increase in transfer requests as cash equivalent transfer values (CETVs) return to pre-pandemic levels, Barnett Waddingham says.

It comes after June research from the consultant said CETVs were "significantly impacted" in a number of key areas during Covid-19. Barnett Waddingham associate Mark Tinsley said that the number of CETVs paid out on behalf of members has been steady in the last 12 months despite transfer quotes being volatile. "Given the vast majority of these members will have had to take financial advice this is slightly surprising given the well-publicised ban on contingent charging from October 2020 and the reduction in the number of firms now prepared to give defined benefit transfer advice, whic...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Transfer changes 'a start, not the finish line', pensions industry says

Transfer changes 'a start, not the finish line', pensions industry says

Clear and practical guidance ‘essential’ to apply the new framework consistently and with confidence

Jonathan Stapleton
clock 23 July 2026 • 4 min read
Financial Vulnerability Taskforce calls on advisers to rethink retirement planning

Financial Vulnerability Taskforce calls on advisers to rethink retirement planning

Publishes guide suggesting to ‘move beyond a pensions-only approach’

Sophia Panayi
clock 22 July 2026 • 2 min read
What might be in store for pensions under a Burnham premiership?

What might be in store for pensions under a Burnham premiership?

'My first hope for pensions under Burnham is stability and medium-term planning'

Andrew Tully
clock 20 July 2026 • 4 min read