Retirement
Record number of DB transfers trigger scam concerns
Despite activity falling to a fresh low in September 2020
Life company pensions more expensive than platforms
Consumers may be losing up to £100,000 due to costs and fees
Drawdown investment pathways ‘fundamentally flawed’
AJ Bell CEO: It’s ‘a mandate for pension providers to line their pockets by peddling in-house funds’
Collapsed wealth firm clients get £4.4m in compensation
Company was declared in default in January 2020
Giving pension trustees more powers will not stop scams
As retirees are still at risk after transferring out of their DB schemes