DB transfer contingent charging ban branded ‘confusing’
Overseas firms ‘exempted’ but non-FCA advisers shouldn’t be signing off pension transfers, says one CEO
DB pensions
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FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
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More than 700 advisers exited the DB pension transfer market
The FCA is carrying out 30 enforcement investigations
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FCA bans contingent charging for DB pension transfers
Need to ‘improve professionalism’ of transfer specialists and their ‘knowledge in choosing assumptions’
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Sharp drop in number of DB pension transfer advisers
Some 17% said they used to provide advice but have stopped doing so
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UK regulator warns savers against DB pension transfers
It will ‘only be in a member’s best interests in the minority of cases’
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DB pension transfers halted for up to three months
Following guidance from regulator to scheme trustees on coronavirus
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Insurer sets aside £229m for DB pension legacy cases
Firm says it ‘will ensure that no affected customers are financially disadvantaged’
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Should DB pension transfers be suspended for six months?
As financial markets continue to struggle with coronavirus
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Hong Kong and LatAm boost inflows at Quilter International
CEO Peter Kenny announces pipeline of activity including expat product for Brits in France
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Around 370 firms exited DB pension space in last two years
FCA chief says that large investigation may have found mis-selling in the market
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Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years