An Enhanced Transfer Value (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. Aug 10, 2021 · It is as a direct result of the funding of the pension scheme whether the offer can be enhanced or reduced. What is an EnhancedPensionTransferValue? Without stating the obvious an enhancedpensiontransfer is when the transfer value has been increased. Oct 24, 2025 · An enhancedtransfervalue comes with an extra incentive, often 10 – 30 percent more than the standard value. This enhancement typically applies for a limited period and is designed to encourage you to leave the scheme. Here, we detail the rationale behind the notion of enhancedtransfervalues and the factors you should consider when reviewing an offer, and how it compares to your defined benefit pension. May 13, 2024 · This has been 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. Apr 27, 2026 · What is an EnhancedTransferValue (ETV)? An enhancedtransfervalue (ETV) is a once-off offer where the employer increases the standard transfer value to encourage members to leave the scheme.