Transfer Value Analysis (TVAS)
A technology solution for financial advisors to provide detailed high quality and fully compliant reporting in pensions transfer analysis for their clients.
With the industry being heavily regulated, anything that does not comply with the regulations will be fined at a high cost, this is a risk not worth taking. Imagine having to pay a large fine due to the quality of your TVAS either not reaching the standard expected or not complying with the regulations.
With 30 years of pedigree in this arena and actuaries experience, CTC pioneered the use of transfer analysis for calculating scheme benefits and comparing alternative products. Having built the first TVAS (Transfer Value Analysis System) and delivered it to the financial market in 1990. Today, our technology is fully updated with enhancements including TVC (Transfer Value Comparator) and drawdown yields.
What is TVAS?
A TVAS or Transfer Value Analysis Software is a tool to carry out Defined Benefit (DB) Pension Transfer Analysis. It was previously required by the FCA requirement in order to be recommended for a transfer.
Although this is beneficial for your members as it helps your customers gain awareness and knowledge into their situation when considering their transfer options, TVAS does require a lot of research which can be time-consuming and can take even longer when putting regulations into the equation. Imagine having to carry out as much research into this as the number of your clients. At some point, you’ll reach the maximum number of clients you are able to help due to the manual work required. With CTC’s TVAS solution, our technology will help you carry out the research and present you with the result for you to present to your client.
A TVAS report directly compares the value of the benefits that would be given up from transferring a final salary pension and the cost of an identical annuity purchased through an alternative pension.
Our technology has been trusted by advisors for over 30 years and has been enhanced with TVC (Transfer Value Comparator) and drawdown yields; our technology will create a unique report for each client to help them understand all the options available to them in detail. The information we provide in the report will be based on the information they input in order for us to report an accurate result.
Modules in TVAS
TVAS Software
Have access to the online software so you can create your own reports for your clients.
TVAS Bureau
Use our team of highly experienced actuaries to complete reports for you.
TVAS Bulk
Entire schemes TVAS completed for all members including analysis and the ability to reproduce reports on an individual basis.
Hosting
Saving the cost and hassle of hosting applications, CTC typically provide its applications under a SaaS model. We are however equally comfortable supporting an on-premises deployment.
