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(This means you are building up pension in the Scheme)


Transfer information

You receive an indicative Cash Equivalent Transfer Value (CETV) in your annual benefit statement, or you can request one from the BOC Pensions Team.

The CETV represents the value of the benefits that you would give up in the Scheme if you decided to transfer out.

Because the CETV is, among other things, linked to conditions in the investment markets, it can go up or down monthly. The only time you get a guaranteed CETV is once you leave the Scheme and become a deferred member.

At that point, the CETV is guaranteed for three months, but will change on the day after the expiry of the guarantee period.

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Consider taking independent financial advice. Remember, you must take financial advice if your transfer value is more than £30,000— visit Unbiased to find approved advisers.
And stay alert to scams so criminals don't get their hands on your money.

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