Pension transfer values to rise

scheme-specific calculations are most likely option of three outlined in dwp consultation paper

Pension transfer values should rise substantially after revised regulations come into force next April, according to several industry experts. The Department of Work and Pensions (DWP) issued a consultation paper on the issue last month, outlining three options for future calculations of pension transfer values. Head of pension development at Scottish Equitable, Rachel Vahey, said that, while the end result should be an increase in transfer values, trustees of pension schemes may in turn decide to keep values down to maintain the strength of DB schemes. "Advisers will have to do a balan...