DB pensions
DB transfer values stable after 37% slump last year
93% of cases raised at least one scam warning flag in January
DB transfer values plummet 37% in a year
2022 also saw a large rise in transfers being flagged as showing potential signs of a scam
FCA will ‘take action’ over firms miscalculating DB transfer redress
Ongoing fund costs and adviser charges are not being taken into consideration
Retirees urged to not rush into a pension transfer
DB scheme members should be careful not to ‘panic buy’ in the assumption that values will fall
Is the UK set for a generational ‘wealth gap’ in retirement?
There are areas that young savers can turn to in order to grow their savings