Transfer of Benefits
You can transfer your IBM pension benefits to another registered pension arrangement at any time, providing the new scheme can accept them.
The amount available for transfer will be the 'Cash Equivalent Transfer Value' (CETV) and will include any ASCs or AVCs. If you prefer, you can ask for a transfer of your ASCs/AVCs to another provider and leave your Main Plan benefits with IBM.
You can ask for a transfer value once a year and the value is guaranteed for three calendar months from the date of the quotation. There will be a charge if you ask for more than one CETV in any 12 month period.
If you are considering transferring your pension benefits we would strongly recommend you seek financial advice.
If you would like to request a CETV, please contact your Pensions Officer.
The basis of the CETV calculation is reviewed and agreed by the Trustee in line with actuarial guidance and legislation. A copy of the method and assumptions used in calculating CETVs can be found below:
Downloads
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| File | Size | Uploaded | Link |
|---|---|---|---|
 Method and Assumptions for CETV calcs |
18.63KB | 2009-07-15 | Download |
Last Updated: 15/06/2009
