FCA bans contingent charging for DB pension transfers

Need to ‘improve professionalism’ of transfer specialists and their ‘knowledge in choosing assumptions’

Firm said it will adopt a fees-for service approach

Some 26% of over 50s said they will have to keep working on a full or part-time basis indefinitely

The firm has also allocated resources to increase awareness and raise visibility of LGBT+ communities

Taxman ‘not making any effort to help the industry understand how they manage it’

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