Pension Transfers
Retirement | 24 Feb 25
Pension transfer times fall as volumes rise
In 2024, around half of all transfers completed in just under seven working days
FSCS declares Birmingham-based firm in default over pension advice
The firm is in liquidation
FCA bans two advisers for poor BSPS advice
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
FCA bans two advisers over dishonest pension transfer advice
With the FSCS paying over £19m to former customers
Financial advice company fails
With the FSCS receiving claims relating to the British Steel Pension Scheme