I keep being asked if the value of CETV are going to up or down so I will try and answer
As I have said previously, the calculation of CETVs is complicated but a good indicator is the yield on long dated gilts
Follow annuity and gilts at https://www.williamburrows.co.uk/toolbox/annuity-charts/
Here is a good read from the Pension Regulator which explaions CETVs in more detailhttps://www.thepensionsregulator.gov.uk/en/document-library/regulatory-guidance/transfer-values