During the period from Q4 2017 to Q1 2020, this working party considered the purpose of transfer values. Their main objective was to look at the principles for setting methods and assumptions used in calculating transfer values. This research was introduced following the increase of transfer value activity in defined benefit schemes, attributable to the introduction of the pensions freedoms in 2014, decisions by trustees to reduce investment risk and very low interest rates. 

Chair: Tiffany Honour 

Dates: 2017-2020