Pension transfer requests out of defined benefit (DB) schemes doubled post pension freedoms, according to research from one provider.
The government has introduced an income tax exemption for regulated financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.
People living overseas looking to transfer their UK pensions face having to pay for advice twice under the latest Financial Conduct Authority (FCA) rule update.
The Financial Conduct Authority (FCA) has highlighted shortcomings in the way some advisers have handled 'insistent' clients in the past, as examples of what today's advisers should steer clear of.
The Financial Conduct Authority (FCA) has confirmed its final rules on pension transfer advice following the freedom and choice reforms.
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The advantages of defined benefit (DB) pensions appear lost on some final salary savers who are frustrated by a government rule mandating they seek regulated advice before transferring out, research suggests.
Remembering pension transfer permissions