CETV Figures Superseded?

GSP

Most CETV figures are valid for three months.
If the figures are fluctuating and multiple requests are made, can a choice be made to have the highest quote, or does the last CETV requested supersede the previous requests irrespective if they are still within the three month period.
Thanks

PensionTech

I can't (yet) find anything that says the scheme doesn't have to honour the first quotation if you apply to take it within the three-month guarantee period even if you have subsequently asked for another quotation. It's a statutory right so can't be overridden by any kind of terms and conditions they might try to impose upon you. While I wouldn't want to be definitive about it, because it's possible there's a bit of obscure legislation that revokes your statutory rights that I'm not aware of - I don't think they can decide to withdraw the first quote, so you should be able to pick the higher one.

If your scheme administrators try to contradict this, ask them to give you chapter and verse - make them point out specifically what allows them to row back on your statutory right to the guaranteed cash equivalent already quoted.

GSP

Okay thanks PensionTech.
One to ask if I do call them. Currently I can get figures on a daily basis from an online system which appear to be only about £300 out from the formal paper copy through the post.
CETV through the post for mid March was £782k, but was up to £785k online yesterday.