DB pensions
20% drop in pension transfers but half still trigger red flags
December was the worst month of 2020 with three-quarters of transfers giving cause for concern
50% drop in firms with DB permissions in two years
Of the 1,310 companies giving pension transfer advice – 9% had no PI cover
UK regulator rolls out DB transfer assessment tool
To examine financial advice given before October 2020
Tech firm unveils automated abridged advice offering
It will help pension scheme members understand if transferring out is their best option
UK financial services giant joins SimplyBiz DB transfer panel
As demand for advice in the market to ‘rise further throughout 2021’