Pension Transfers
UK watchdogs wary P&O pension scheme will be British Steel 2.0
They are urging anyone who was made redundant to seek financial advice
British Steel pension transfer advice unsuitable in 47% of cases
Members have lost £18m in redress due to firms entering liquidation
DB transfer red flags trigger 500 member interviews
But it is not yet clear if measures ‘are genuinely protecting consumers’
Insurer apologises for pension transfer letter error
‘People who received the email do not need to take any action and we are sorry for any inconvenience caused’
Pension transfer activity hits four-year low
As scam flag index remains below 50% for the fourth successive month