Retirement
STM Group sells Gibraltar trust business for £2.45m
Proceeds will be used to ‘fund organic growth opportunities and further support’ its M&A strategy
UK tax allowances cut 11% in 10 years
Savers urged to act ‘rather than wait and think it will be the same’
46% drop in UK firms offering DB transfer advice in a year
It is a ‘worrying and very sharp reduction’ as 36% expect to reduce business in the market
Pension fraud suspect extradited to UK in criminal case
Regulator alleges 245 savers were persuaded to transfer their savings totalling £13.7m into 11 schemes
How will the GMP equalisation ruling impact pension transfers?
‘There potentially will be some difficulties’ as trustees may need to dig up data from 30 years ago