Pension Transfers

Best Practice | 15 Feb 18

A damning report from the UK’s Work and Pensions Committee has blasted the actions of some financial advisers who acted like “vultures”, and who “bamboozled” British Steel Pension Scheme (BSPS) members, raising questions about how this could happen in a post-RDR world?

Best Practice | 29 Jan 18

Aegon’s “arduous” pension transfer process is creating barriers to stop customers transferring out and risks them becoming immune to red flags and falling victim to scams, the chief executive of PensionBee wrote in an open letter to her Aegon counterpart.

Best Practice | 29 Jan 18

A petition has been set up to get the UK Government to scrap the “unfair” and “discriminatory” 25% charge on qualifying recognised overseas pension scheme (Qrops) transfers.

Best Practice | 19 Sep 17

The Chartered Institute for Securities & Investment (Cisi) level 6 certificate in pension transfers and planning advice has been officially approved by the Financial Conduct Authority.

Best Practice | 23 Aug 17

Advisers are mulling the implications of FCA plans to incorporate the term ‘insistent client’ into its handbook guidance. The regulator has outlined what it sees as best practice – a move that could see advisers producing two suitability reports, with a particular focus on pension transfer advice.