An EnhancedTransferValue (ETV) exercise offers members a once-off opportunity to transfer the value of the pension, on enhanced terms, to another pension arrangement while also offering the company and trustees an opportunity to de-risk the pension scheme. Oct 28, 2025 · In this guide we explain how defined benefit schemes work and what an EnhancedTransferValue (ETV) involves. We set out the advantages and the risks of taking a transfervalue. Oct 24, 2025 · When a defined benefit pension scheme offers you an enhancedtransfervalue, it can seem very appealing. You are asked to swap a guaranteed income in retirement for a lump sum you manage yourself. However, is this the best course of action for you in terms of valuetransfer? Here, we detail the rationale behind the notion of enhancedtransfer values and the factors you should consider when reviewing an offer, and how it compares to your defined benefitpension. Apr 30, 2024 · We provide a comprehensive report designed to assist members of Defined Benefit pension schemes if they are offered a TransferValue or EnhancedTransferValue, to transfer from their scheme into a Personal Retirement Bond or similar pension vehicle. Oct 27, 2023 · Many defined benefit pension schemes which have closed to new entrants are offering members enhancedtransfer values (ETVs) in order to accelerate the eventual full closure of the schemes. Mar 5, 2026 · The engineering group he had worked for during a 20-year career had launched an EnhancedTransferValue (ETV) exercise — offering him 118% of his standard Cash Equivalent TransferValue (CETV) to exit the final salary scheme voluntarily. Should you wish to accept an EnhancedTransfervalue, you will transfer your benefits to a separate pension arrangement. There are a couple of steps involved in the process of accepting an EnhancedTransferValue. As a general rule you can expect a process similar to the below.
