How do you determine the transfer value?


The amount is calculated on the actual day the transfer takes place – this is known as the transfer value.  The People’s Pension, EasyBuild and TUTMAN Contracted-Out Pension are all invested pension pots which means units are purchased each time a contribution is made.  When a transfer takes place the units are sold at the unit price on the day of the transfer.  The value raised by selling the units is the transfer value.

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