Pension Transfer Analysis Report (APTA)
If you have a final salary pension which is worth above £30,000 then you will need a Pension Transfer Analysis (APTA) Report. This will help you decide whether a transfer of benefits from your existing scheme to an alternative arrangement would be appropriate or not.
Can I transfer my pension without a APTA report?
If your Cash Equivalent Transfer Value (CETV) is below £30,000 then you don’t need a APTA report. If it is below, you cannot transfer unless you have one.
What is the main reason for a APTA report?
Why does a APTA report compare my pension to an annuity?

Critical Yield
This is the calculation in the APTA report which shows you the annual growth rate (Critical yield) required to match the benefits that your existing scheme gives to you.