Pension Transfers
Over 90% of pension transfer requests flagged as scams – again
As transfer values fall below £200,000 for the first time since 2016 making the return of annuities more appealing
Succession sets aside £10.4m for potential legacy DB liabilities
It is working closely with the FCA about pension transfer advice given by an acquired business
Why advisers are being hit with pension transfer delays
It will continue to be a ‘frustrating period’ if a rules review is not complete by the summer of 2023
Just 6% of pension transfers not flagged as scams
With overseas investments continuing to be the most common warning
Best Practice | 22 Aug 22
101 British Steel advice firms hit by emergency asset retention rules
UK regulator believes companies should be planning for a potential redress scheme