Right to a cash equivalent transfer value | Practical Law

Right to a cash equivalent transfer value | Practical Law

An overview of a member's statutory right to a cash equivalent transfer value (CETV). This note considers the procedure for obtaining a CETV, both for salary-related schemes and money purchase schemes. It addresses when members have a right to a statutory CETV, when the right to a cash equivalent may be lost and what trustees must do to comply with the legislation. It includes the restrictions on taking a cash equivalent transfer under the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021 (SI 2021/1237).

Right to a cash equivalent transfer value

Practical Law UK Practice Note w-017-6189 (Approx. 57 pages)

Right to a cash equivalent transfer value

by Practical Law Pensions
Maintained • England, Scotland, Wales
An overview of a member's statutory right to a cash equivalent transfer value (CETV). This note considers the procedure for obtaining a CETV, both for salary-related schemes and money purchase schemes. It addresses when members have a right to a statutory CETV, when the right to a cash equivalent may be lost and what trustees must do to comply with the legislation. It includes the restrictions on taking a cash equivalent transfer under the Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021 (SI 2021/1237).