Transfer Value Analysis

Although our TVAS software solution is sophisticated and complex in its underlying calculative processes it has been designed to maximise its ease of use.

TVAS calculates the required investment yield on the transfer value to match the benefits from the occupational pension scheme. The investment yield is calculated at both planned and normal retirement date both with and without commutation for Tax Free Cash.

A comprehensive report is created, covering the aspects needed to help enable our clients deliver a compliant assessment.

Scheme and product library facilities are provided so that schemes and products records can be saved and used for multiple assessments. Cases can be saved and rerun at a later date with updated Transfer Values or any other parameter.

The solution features functionality to import scheme members, run calculations and create reports in bulk. This facility can help to drastically reduces the unit costs for larger schemes. It also helps our clients to eliminate potential errors in keying member data manually.

Results can be exported to a spreadsheet on mass to facilitate sampling, manual checking of outliers etc. This facility also enables us to provide summary reports covering all members of a given scheme if this is required.

TVAS can also be used in reverse. The user can indicate the required Critical Yield and the system will derive the Transfer Value. This feature is particularly useful for companies who are wishing to reduce their OPS liabilities as it ensures that the Transfer Value is then set at a level that makes the Transfer viable.

PAS works to keep the illustrations compliant with governing UK legislation and provides regular assumption updates to manage this process. This enables our clients to focus on growing their business and serving their customers.

PAS can also provide a service running calculations using our software for providers who don’t wish to maintain such expertise in house.