101 British Steel advice firms hit by emergency asset retention rules
UK regulator believes companies should be planning for a potential redress scheme
Pension Transfers
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Pension transfer business dries up amid interest rate hikes
Values have plummeted making retirees think twice about switching
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44% of pension transfer amber flags raised for ‘unknown’ reasons
Money and Pensions Service does ‘not appear to be proactively improving the data they are collecting’
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Pension transfer values fall 25% in six months
As overseas investment amber flags continue to cause ‘unnecessary delays’
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Retirees urged to not rush into a pension transfer
DB scheme members should be careful not to ‘panic buy’ in the assumption that values will fall
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Watchdogs wade into pension transfer delay dispute
PensionBee accused some providers of using loopholes to delay or stop consumers moving their retirement pots
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PensionBee accuses providers of delaying and blocking transfers
‘Regulations are being abused by a handful of rogue actors’
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FSCS investigating advice firm with Portugal links
Company advised on and arranged pension transfers into the Trafalgar Multi Asset Fund
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83% of pension transfer requests raise red flag warnings
Rates have now grown for the past five consecutive months
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Advice firm under investigation over pension transfers
It failed to pay compensation as ordered by the Financial Ombudsman Service
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Wide-ranging pension transfer costs raise regulatory eyebrow in Guernsey
After advisers reported issues with moving their clients’ pots
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Pension transfer red flag warnings hit record high
Rates have now risen for the last four consecutive months