DB pensions
DB pension transfer complaints rise 44%
FOS received 798 complaints and upheld 39% of cases in favour of clients in 2018/19
Partial DB transfers could temper pension freedom risks
Current ‘all or nothing’ mentality means people face losing guaranteed income in retirement
Online tool to lift DB transfer review burden from advisers
Selectapension director says market will rebound post-Brexit
UK firm to unveil ‘abridged’ advice pension transfer tool
It follows an FCA consultation which looked at changing how advisers assess clients’ circumstances
Advisers split over regulator’s contingent charging proposals
Only 39% believe FCA changes will make a positive impact on the industry