Item Welcome to the NHS Business Services Authority Knowledge Base, the place to ask us anything you need to know

Document If I have had two transfer values which are dated months apart, why is the earlier value higher?

The Government Actuarially Department (GAD) supply the figures used in the calculation of a Cash Equivalent Transfer Value (CETV) and the figures used change depending on market factors; as such the value can go down. NHS Pensions can therefore only guarantee a Cash Equivalent Transfer Value (CETV) for 3 months.
Fields
Description:
difference, value, transfer values,