Wealth firm’s DB transfers to be scrutinised
To assess if some clients are due compensation for the advice they were given
DB pensions
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British Steel IFA firm enters liquidation
It stopped offering DB transfer advice and suspended its permissions in 2017
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DB transfer space still has opportunities in the short-term
But one advice firm is very clear about the types of clients it will accept
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Battered British expats face stormy end to 2020
Lack of Brexit deal comes in tandem with some banks shutting accounts for Brits in EU
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Record number of DB transfers trigger scam concerns
Despite activity falling to a fresh low in September 2020
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Giving pension trustees more powers will not stop scams
As retirees are still at risk after transferring out of their DB schemes
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Contingent charging ban set to go live
It is expected to trigger greater exodus of advisers from the DB pension transfer market
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Single mum wins Guernsey pension trustee appeal
After she lost £330,000 from her pension pots
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Advisers continue exodus from DB transfer market
As over 190 firms gave up permissions in the last three months
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Advisers have no ‘risk appetite’ to carry out DB transfers
With nearly half considering leaving the space within a year
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Pensions dashboard to cost providers ‘millions’
Inconsistency of data and information compliance could be the next big headache for the sector
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DB pension transfer window of opportunity
For internationally mobile high net worth individuals