DB pensions
Just 23% of IFAs offer DB pension transfer advice
‘It’s hard to predict what the position will be five years from now’
FCA warns IFA over DB transfer advice
Advice given to customers, including members of the British Steel Pension Scheme, was ‘not compliant’
DB pension transfer values rise by 4%
As activity falls to lowest level since September
DB pension transfer values suffer 4% drop
While 92% of cases raised at least one scam warning flag in February
Advice network handed pension transfer ban
Regulator also says it must not take on any new appointed representatives