Pension Transfers
UK gov’t unveils stricter pension transfer rules to fight scams
It was ‘right to hand schemes greater power to protect members’
Best Practice | 18 Oct 21
Over 3,500 DB advice clients receive letter about compensation
Market is ‘particularly susceptible to consumer harm’ and improving it is ‘a key area of focus’ for FCA
Alternatives | 18 Oct 21
£116,000 fine and ban for ‘reckless’ pension switching advice
Nearly 50% of client’s retirement pots invested in a high-risk strategy
Supply of DB pension transfer advice ‘in retreat’
‘Pressure on trustees to do more to support members will only grow’
DB transfer take-up hits six-year low
As market suffers from contingent charging ban