Tech firm unveils automated abridged advice offering
It will help pension scheme members understand if transferring out is their best option
DB pensions
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UK financial services giant joins SimplyBiz DB transfer panel
As demand for advice in the market to ‘rise further throughout 2021’
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Review of financial advice in 2020
Industry players weigh in on the year that will be remembered ‘for its impact on people’s wealth’
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Advice consolidators now more willing to do deals with DB firms
IFAs with pension transfer permissions need to be more ‘proactive’ with acquirers about legacy cases
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UK publishes data standards for pensions dashboard
It will ‘revolutionise how people keep track of retirement savings’
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International Sipps latest FCA crackdown target
Regulator sent letter to firms asking for detailed information – especially about offshore bonds
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PI cover rise for 95% of PFS members with DB permissions
Over a third of financial advisers saw their premiums soar by more than 50%
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Insurance-backed DB pensions to ‘boost security’ for millions
Advice firm believes a third of UK retirees will have their pots insured by mid-2020s
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Landmark pension equalisation ruling a ‘headache’ for schemes
DB pension transfers from 1990 onwards may require compensation as a result
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Tax updates absent from UK spending review
Industry ‘still in the dark’ as speculation mounts over future fiscal measures
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FCA sends advisers second DB transfer survey in five months
Speculation UK watchdog is looking to remove permissions from firms not active in the market
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Just 11 FCA investigations into DB transfer misconduct in 2020
Despite a 26% increase in consumer complaints against firms