Retirement
DB pension transfers hit £34bn in 2018/2019
More than half of the £60bn transferred out since pension freedoms were introduced in 2015
Standard Life Assurance fined more than £30m
Call handlers incentivised with significant bonuses and rewards for meeting/exceeding sales targets
SJP rejects mis-selling and forgery allegations
A client reported the firm to the Ombudsman over doctored documents
HMRC unaware of number of pension tax relief breaches
A freedom of information request revealed the taxman doesn’t keep track
Snowballing pension charges could cost up to £40,000
Making the wrong choice early on can have massive implications for a client’s retirement pot