Retirement
FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
More than 700 advisers exited the DB pension transfer market
The FCA is carrying out 30 enforcement investigations
FCA bans contingent charging for DB pension transfers
Need to ‘improve professionalism’ of transfer specialists and their ‘knowledge in choosing assumptions’
Covid-19 outbreak forces 1.5 million Brits to delay retirement
Some 26% of over 50s said they will have to keep working on a full or part-time basis indefinitely
HMRC refuses to share information on overseas pension list
Taxman ‘not making any effort to help the industry understand how they manage it’