Pension Transfers
Tenet tidies up DB permissions
As some financial advisers in its network will no longer be able to process pension transfers
Alternatives | 20 Sep 21
FCA trawls for information on Ark pension schemes
Clients of AES Financial Services/IPTS, as well as those from PPS and PPT, have been contacted
DB transfers reach record low after contingent charging ban
‘Even where people ask for a quote, they are far less likely to turn that into a transfer’
FCA tells 60 DB firms to carry out past business review
‘Level of suitable advice overall is well below our objective for this market’
DB transfers face further hurdles in bid to stop scams
But warnings that DWP’s plan could push market ‘back into the dark ages’ and ‘cause serious consumer detriment’