Mike Morrison: It's time for a rethink on DB pension transfer advice

I recently did five roadshows around the country with the AJ Bell Investcentre team, covering a number of issues from the new pension freedom regime. One of these was the always thorny topic of transfers from defined benefit (DB) schemes to defined contribution (DC) arrangements (self-invested personal pensions or personal pensions included). We have had some guidance from The Pensions Regulator (TPR) with its ‘DB to DC transfers and conversions' and from the Financial Conduct Authority (FCA) with its ‘Proposed changes to our pension transfer rules' (CP15/7). The TPR consultation c...