DB pensions
Switch your company DB pension to an insurer urge consultants
Consultants are predicting 2018 will be the best opportunity for companies to transfer defined benefit pension schemes to an insurer since the banking crisis in 2008.
Advising British Steel pension transfers too risky, says SJP
Continuing to provide defined benefit pension transfer advice to members of the British Steel Pension Scheme (BSPS) could put St James’s Place “outside its risk appetite”, the firm said.
Best Practice | 13 Dec 17
SJP stops British Steel pension transfers amid industry scam concerns
The chair of the UK’s Work and Pensions Select Committee has described the British Steel Pension Scheme as a “honeypot for scammers”, as St James’s Place confirms it has stopped accepting transfer requests from scheme members in an unrelated move.
Best Practice | 27 Oct 17
DB pension transfer complaint redress guidelines updated
The way in which firms calculate redress for complaints about defined benefit (DB) pension transfer advice was updated by the Financial Conduct Authority on Friday.
Best Practice | 24 Oct 17
Advisers torn over DB transfer concerns
Financial advisers are divided over their concerns around the defined benefit (DB) transfer market, according to a poll conducted by global asset manager Russell Investments.