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

HMRC updates on information sharing for IHT on pensions

HMRC updates on information sharing for IHT on pensions

Second technical note

Alex Levy
clock 01 September 2026 • 2 min read
Pension first or last? What the numbers really tell us

Pension first or last? What the numbers really tell us

'Focusing solely on reducing the pension before death can increase lifetime tax'

Joshua Croft
clock 28 August 2026 • 4 min read
IHT on pensions: New thinking on taking income in retirement?

IHT on pensions: New thinking on taking income in retirement?

‘This has undoubtedly had a huge impact on planning for many clients’

Lisa Webster
clock 26 August 2026 • 3 min read