DB pensions
UK regulator to quiz advice firms on DB transfers again
Questionnaire will be sent out to around 2,000 businesses
DB pension transfers hit £10bn in Q4 2019
Nearly 100% increase from the total withdrawn in the previous quarter
FCA urges British Steel DB victims to ‘seek compensation’
People who received unsuitable advice and don’t act may end up with ‘no money during retirement’
Industry body calls for ‘radical’ flat rate pension tax relief
‘We must learn the lessons of the past and not make any kneejerk changes’
Six-in-10 advisers to cut DB transfer work after fee changes
Some 62% believe that the market will not be profitable going forward