Pension Transfers
FCA fines IFA firm over ‘unsuitable’ pension transfer advice
It has paid redress of around £2.7m to 41 customers impacted by the switch to Sipps
Guernsey’s perplexing pension transfer problem
Tug of war means clients can struggle to move their retirement pots
Collapsed wealth firm clients get £4.4m in compensation
Company was declared in default in January 2020
UK taxman loses long-running inheritance tax court battle
Ill-health pension transfer not liable for IHT, but HMRC right to charge for ‘omission of benefits’
Illegal pension introducers lose in court
At least 2,000 people parted with £91.8m of their retirement savings