Transfer Value Comparator (TVC) when transferring or considering transferring a defined benefit pension scheme to a money purchase defined contribution pension scheme or personal pension must have a TVC within the APTA (Appropriate Pension Transfer Analysis) report.
It is designed to demonstrate the real value of the defined benefit pension scheme to consumers in graphic form. The graph must contain:
Your adviser must fully take account of your personal circumstances when preparing the APTA including the TVC
Your adviser must also consider reasonable financial and demographic assumptions to project future income requirements and benefits from the current pension scheme as well as any new pension scheme.