Pension Transfers
Shrinking DB transfer market worries advisers
But could a smaller sector be a good thing? Or should pension freedoms just be scrapped altogether?
Need for ‘consistent’ DB advice sparks regulatory guidance
FCA says firms will need to change processes where ‘their approach falls short of the standards’
46% drop in UK firms offering DB transfer advice in a year
It is a ‘worrying and very sharp reduction’ as 36% expect to reduce business in the market
How will the GMP equalisation ruling impact pension transfers?
‘There potentially will be some difficulties’ as trustees may need to dig up data from 30 years ago
‘Largest ever’ monthly fall in pension transfer values
Mostly attributed to a rise in government bond yields which increased discount rates


