Defined Benefit (DB) Scheme vs Enhanced Transfer Value (ETV) Offer

overview of your options

Here is a summary table of the personal circumstances and financial objectives that might lead you to Remain in the DB Scheme or Accept the ETV Offer

		Remain in the DB Scheme	Accept the ETV Offer
		Take your benefits from the DB Scheme	Invest fund in an Approved Retirement Fund	Purchase an Annuity
	Main Source of my retirement income
	Part of my retirement income
	Predictability
	Flexibility
	Security
	Opportunity
	Short-term income
	Long Term Income
	Short life expectancy
	Long life expectancy
	Requirement for potentially higher lump sum

Your options if you decide to accept the ETV Offer

If you choose to accept the ETV Offer, you will have the option to invest in an Approved Retirement Fund (ARF) or purchase an Annuity Pension. There are advantages and disadvantages to both.
 

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