Over 1,000 firms exit DB advice space in two years
Companies risk ‘dramatic’ financial impact for clients if transfer goes wrong
DB pensions
-
-
Brits have £1trn more wealth in pensions than property
London is the only place in the UK which recorded the opposite trend
-
FCA to consult on British Steel pension transfer redress
Five months after stating it had ‘insufficient evidence’
-
What does the future hold for collective DC schemes?
Sequence risk could pose a real danger to retirement income
-
Over 3,500 DB advice clients receive letter about compensation
Market is ‘particularly susceptible to consumer harm’ and improving it is ‘a key area of focus’ for FCA
-
Tenet tidies up DB permissions
As some financial advisers in its network will no longer be able to process pension transfers
-
Beware the allure of large pension increase exchanges
A bigger slice of the PIE may not necessarily be in a client’s best interests
-
FCA review of DB redress guidance is a ‘sensible measure’
Firms should ‘assess complaints about unsuitable advice fairly, consistently and promptly’
-
How to take advantage of DB scheme flexibilities
Without sacrificing security by transferring out
-
Quilter DB legacy issue compensation pot hits £35m
H1 2021 results bolstered by international arm which is expected to be sold on 31 December
-
British Steel adviser appeals proposed FCA £1.3m fine and ban
The decision notice will only take effect if Upper Tribunal supports the watchdog’s findings
-
Are unregulated investments ever a good idea?
Bad news travels fast and folklore can create a general mistrust of the industry