Pension Transfers
Best Practice | 18 Oct 21
Over 3,500 DB advice clients receive letter about compensation
Market is ‘particularly susceptible to consumer harm’ and improving it is ‘a key area of focus’ for FCA
Alternatives | 18 Oct 21
£116,000 fine and ban for ‘reckless’ pension switching advice
Nearly 50% of client’s retirement pots invested in a high-risk strategy
Supply of DB pension transfer advice ‘in retreat’
‘Pressure on trustees to do more to support members will only grow’
DB transfer take-up hits six-year low
As market suffers from contingent charging ban
Tenet tidies up DB permissions
As some financial advisers in its network will no longer be able to process pension transfers