Scheme Information for IFAs

If you are providing financial advice to one of our members you may want a transfer out quotation (CETV).

Please note, we currently only send transfer out quotations directly to our members. This is the case even if you have a valid Letter of Authority. Guaranteed transfer values have an expiry date three months from the date of calculation.

Most deferred members are entitled to one statutory CETV within a 12 month period. This guaranteed transfer value is valid for three months. From 1 March 2021 we will charge for any additional guaranteed transfer values requested within that 12 months. Members can get an illustrative (unguaranteed) transfer value on the BTPS member portal.

Forms and information

The information we include in the Transfer Out Quotation direct to members includes:

• Normal Pension Age (NPA)
• Pensionable Salary
• Guaranteed Transfer valuation inclusive of any AVCs
• Annual pension, Lump sum, Spouse’s pension, and GMP entitlement (Pre and Post 1988) as at last day of service
• Date joined scheme, reckonable service in years and days, and the full contracted-out period
• Transfer-in and court order information (if applicable)

Member guides

Scheme information