ESO FAQ >> Are Veteran Ranks Being Removed
Are Veteran Ranks Being Removed
Yes. At some point in the future, possibly half way through 2016, Veteran Ranks will be removed from Elder Scrolls Online. This information comes from forums posts and ESO Live in which different members from ZOS have repeatedly stated that the Veteran Rank system will be fully replaced with the Champion System.
You can view the History of Veteran Ranks for some more context.
The Champion System is set to replace the levelling aspect of VR and the new Champion Point cap provides a more traditional vertical levelling experience. Champion Points are also set to influence gear in the future. The article What Is Going On With Veteran Ranks details some of the most recent information concerning the transition process.