Cost of bad pension transfer advice doubles in two years
Exclusive data from the FSCS shows £40m was paid in 2018, up from £20m in 2016
DB pensions
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UK committee to tackle ‘scourge of contingent charging’
DWP issues call for evidence from people who have taken DB pension transfer advice
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19 firms stop giving pension transfer advice in the UK
Nearly 5,000 transfers were carried out in four years, but this ‘is not surprising’ expert says
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Who’s to blame for the pensions transfer debacle?
Some accuse the FCA of using skewed data to paint a negative picture, others fault advisers
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Half of pension transfer advice still not suitable
FCA: ‘It is unacceptable that pension transfer advice should persistently remain at such a low level in comparison to investment advice’
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Doctors win taper allowance concession, but more cuts loom
NHS Pension Scheme can now pay tapered annual allowance up front on behalf of doctors
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DB transfers 10 years from retirement pay 57% of scheme value
Calculation based on new FCA transfer value comparator methodology
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New rules for UK pension transfers
Changes outlined for qualifications, guidance and advice models
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Int’l pension transfer unit to cut ties with overseas IFAs
Offshore advisers to be dealt with on an introducer-only basis
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UK pension transfers drop 23%
Almost £80bn transferred since the launch of the pension freedoms in April 2015
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Three reasons advice firm quit DB pension transfers
Mattioli Woods calls peak of defined benefit valuations
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Overgenerous cash transfers risk killing DB pension schemes
14 schemes told not to endanger remaining defined benefit members