Jersey to introduce pension regulations
Phased approach will address key consumer harms, such as high fees and lack of transparency
Phased approach will address key consumer harms, such as high fees and lack of transparency
As it received queries relating to ‘charges being paid’ in these transfers
As investment platforms call on industry and regulators to improve transparency
Tug of war means clients can struggle to move their retirement pots
As Treasury mulls tax relief for those stuck in the country during lockdown
It wants to concentrate on countries and business lines where it can ‘create most value’
Advice firm believes a third of UK retirees will have their pots insured by mid-2020s
Service will have no additional charges
DB pension transfers from 1990 onwards may require compensation as a result
Clients sitting in cash may need to reassess their investment strategy
It has received ‘interest from third parties’ and is looking at its options
Further developments ‘expected to be released in early 2021’