DB pensions
Quilter doubles DB legacy contingency fund to £24m
As the firm moves from ‘significant advice business acquisitions’ to focus on organic growth
Quilter stops network IFAs from offering DB transfers
But it is ‘committed’ to providing the service through its restricted financial planners
CORRECTION: DB pension transfer provider loses licence
Pipeline business is affected by the measure
Not even covid can curb M&A-hungry advice firms
But DB transfers still causing headaches as due diligence is more thorough than ever
DB transfer values increased by 5% last year
But fewer people opted to put their money into a self-invested personal pension