pension transfer

SIPP and SSAS provider Barnett Waddingham today launches its bid to buy up clients who have been ‘orphaned' by providers and advisers who have left the market since A-Day in 2006.

Investors aged 50 to 55 who transfer their pension to another provider will not be hit with an unauthorised payments tax, HMRC says.

John Bakie argues many FSA fines could have been avoided if firms would only listen to the regulator

Many advisers have not been properly trained to use pension transfer tools, despite massive uptake in their use since an FSA review in 2008.

Pension transfer times have failed to improve, despite growing use of the ABI's Options initiative.

The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.

Reviewing pension transfer cases should be a priority for advisers, according to MetLife.

Problems with pension transfers are becoming more common, and accounted for one in five complaints received by the Pensions Ombudsman in the last financial year.

Annuity transfer times have been 'significantly' improved thanks to the ABI's Options initiative, the association says.

Most advisers are blaming the complexity of the pension transfer process for the length of time it takes.