Pension help CETV vs fund value

JimTracy

Hi !
Can someone please help, I want to know what the difference is between a fund value of a pension and a CETV.
I`m asking because I am in a divorce and being given 2 different figures about the same pension (the fund value being about 33% higher). If the pension is not transferred to myself does it retain the fund value and only if transferred to me then worth the CETV value ?
Sorry if this is a stupid question but this pension stuff is all new to me !

mania112

a CETV is a cash equivalent transfer value - meaning 'this pension doesn't have a monetary value as such, but this is what we will pay if you want to transfer it away'.

If they're providing you with a fund value, it's for something else - it's probably for an AVC.

Without looking at the actually paperwork, i would suggest those 2 figures need adding together for the total value of the pension.

dunstonh

You wouldnt normally see CETV used with money purchase pensions that give you a fund value unless it is some link with an occupational pension. As mania says, the CE stands for cash equivalent. Normal money purchase pensions (which have a fund value) like stakeholder, personal pensions etc would just state transfer value.

Can you let us know what type of pension it is?