Pension Transfers
Trio banned over £44m pension transfer mis-selling scandal
Victims had their funds placed into high-risk investments based in Mauritius
Best Practice | 1 Nov 22
12% of Brits receive unsolicited pension transfer approach
‘Cost-of-living crisis might be a route in for scammers’
Pension transfer values hit all time low
They have fallen 33% since December 2021
DB transfers plunge 53% in three years
Drop is culmination of ‘limited availability and increased cost of advice’
Redress solution for bad pension transfer advice likely to cause more problems
If enacted, the recommendations could put consumers in a worse tax position