Pension Transfers
12% fall in pension transfer activity
It has decreased to its lowest level in nine months
Just 23% of IFAs offer DB pension transfer advice
‘It’s hard to predict what the position will be five years from now’
Third IFA firm reprimanded over unsolicited offers to ex-BSPS members
As FCA sends ‘Dear CEO’ letter about companies using online portals of third-party actuarial providers to calculate redress
Quilter subsidiary escapes fine over DB pension transfer advice
Following an investigation by the UK financial watchdog
FCA warns IFA over DB transfer advice
Advice given to customers, including members of the British Steel Pension Scheme, was ‘not compliant’