Pension Transfers
Just 1% of completed pension transfers had red or amber flags
DWP review also finds ‘overseas investment amber flag needs to be more clearly defined or removed’
Ex-TPR director calls for change in DB transfer advice rules
David Fairs wants a ‘much smoother process’
UK-based IFA firm fails
As lifeboat scheme investigates advice company with links to British Steel Pension Scheme
12% fall in pension transfer activity
It has decreased to its lowest level in nine months
Just 23% of IFAs offer DB pension transfer advice
‘It’s hard to predict what the position will be five years from now’