Enhanced transfer values and pension increase exchanges

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Jonathon Webb, Regional Director Liability Reduction Projects Team, JLT

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Enhanced transfer values and pension increase exchanges

  1. 1. Enhanced transfer values and pension increase exchanges Jonathon Webb-Regional Director Liability Reduction Projects Team CBI pensions conference-Thursday 9 th September 2010
  2. 2. ETV Credentials <ul><li>Over 41 projects completed </li></ul><ul><li>11 projects completed in the last 12 months </li></ul><ul><li>11887 members received an offer </li></ul><ul><li>5021 members received IFA advice </li></ul><ul><li>£61,666 average transfer value </li></ul><ul><li>£102,019,748 total value of transfers paid from schemes </li></ul>
  3. 3. Is cash important? <ul><li>Of the 5021 members that had JLT IFA advice 2990 members proceeded to transfer of which </li></ul><ul><li>1113 took cash only </li></ul><ul><li>1259 took part cash/part augmentation </li></ul><ul><li>618 took augmentation only </li></ul>
  4. 4. Role of the IFA <ul><li>Understands the members needs-the ‘Factfind’ </li></ul><ul><li>Explains the offer - fully documented advice process </li></ul><ul><li>Facilitates member decisions </li></ul><ul><li>Supports the administration process </li></ul><ul><li>Ensure that project is run in accordance with guidance provided </li></ul>
  5. 6. Not just about the Critical Yield <ul><li>Investment risk </li></ul><ul><li>Annuity rate risk </li></ul><ul><li>Sentiment towards sponsoring employer </li></ul><ul><li>Lifestyle issues </li></ul><ul><li>Impaired/enhanced annuities </li></ul><ul><li>PPF limit </li></ul><ul><li>Return in the event of death </li></ul>
  6. 7. Project Management
  7. 10. JLT Benefit Solutions Ltd <ul><li> Whilst all reasonable care has been taken in the preparation of this presentation no liability is accepted under any circumstances by Jardine Lloyd Thompson for any loss or damage occurring as a result of reliance on any statement, opinion, or any error or omission contained herein. Any statement or opinion unless otherwise stated should not be construed as independent research and reflects our understanding of current or proposed legislation and regulation which may change without notice. The content of this document should not be regarded as specific advice in relation to the matters addressed. JLT Benefit Solutions Limited. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No. 02240496. VAT No. 244 2321 96. </li></ul>
  8. 11. Page JLT Benefit Solutions Limited. Authorised and regulated by the Financial Services Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: 6 Crutched Friars, London EC3N 2PH. Registered in England No 02240496. VAT No. 244 2321 96. JLT Benefit Solutions Ltd 6 Crutched Friars London EC3N 2PH Tel +44 (0)20 7528 4000 Direct +44 (0)20 7528 0000 Fax +44 (0)20 7528 4500 A member of the Jardine Lloyd Thompson Group. Authorised and regulated by the Financial Services Authority. Registered: 6 Crutched Friars, London EC3N 2PH England. Registered in England Number 01536540. VAT No. 244 2321 © August 2009

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