CETV

(redirected from Cash Equivalent Transfer Value)
AcronymDefinition
CETVCash Equivalent Transfer Value (UK)
CETVChina Entertainment Television
CETVCenter for Entrepreneurship and Technology Venturing (University of North Carolina)
References in periodicals archive ?
Since April 2015, anyone seeking to transfer benefit from a defined benefit pension scheme, with a Cash Equivalent Transfer Value of PS30,000 or greater, must take financial advice prior to any transfer of benefits.
QI HAVE been informed by my pension provider that I can only request a cash equivalent transfer value once per year, which I did in June 2015, and that I would be required to pay PS150 plus VAT to receive an updated value.
Upon request most schemes will give you a Cash Equivalent Transfer Value, or CETV, which you can use to compare pension income quotes.
The starting point for a divorce settlement on pensions is to request a cash equivalent transfer value from the pension trustees.
This included a real increase in the cash equivalent transfer value of his pot during 2009-10 of pounds 52,549 and a real increase in pension benefit of pounds 2,304.
The most valuable pension went to Chief of Defence Staff Sir Jock Stirrup, whose pot has a cash equivalent transfer value of pounds 2.
However, you will have the option to leave your benefits to accumulate within the scheme as a deferred benefit, or you should be entitled to a Cash Equivalent Transfer Value which you could transfer into another scheme.
When couples divorce, a pension's value is calculated according to its cash equivalent transfer value - CETV - which is what the pension would be worth if it was transferred to another scheme, based on the member's salary and length of service.
Tony Derbyshire, managing director at LifeLine, explains: "A pension is a very complex financial asset and until now, most settlements were only based on the cash equivalent transfer value of the pension at the time of the divorce, rather than its true value, which can be substantially more.
You should also be entitled to a cash equivalent transfer value, from which you could transfer the cash to another scheme.
Pension sharing, which is more common (and arguably more straightforward) than earmarking, involves placing a monetary value upon your benefits (a cash equivalent transfer value or CETV) and agreeing a division of that value.
n IF you were dismissed or left, you'd be entitled to leave your benefits to accumulate as a deferred benefit, or you should be entitled to a Cash Equivalent Transfer Value which you could transfer into another scheme.