Royal London
DB pension transfers hit £34bn in 2018/2019
More than half of the £60bn transferred out since pension freedoms were introduced in 2015
HMRC unaware of number of pension tax relief breaches
A freedom of information request revealed the taxman doesn’t keep track
DB pension transfer guide only addresses part of the problem
Time limits for processing requests welcomed but it won’t alleviate the pressure on advisers
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Is pension recycling just a load of rubbish?
While you could take advantage of a tax loophole, the losses could be bigger than gains