pension transfers

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

Half of advisers refuse to implement pension transfers out of defined benefit (DB) schemes amid worries the regulator would hold them to account further down the line, according to research.

The Personal Finance Society (PFS) is in discussions with the regulator and government to introduce additional safeguards to defined benefit (DB) pension transfers where the client wants to act against the advice they received.

Pension transfer specialist Origo is to launch an automated defined contribution (DC) bulk transfer service this autumn.

The tax consequences of extracting cash from pension pots under the new freedom and choice regime are causing confusion among consumers who have contacted Fidelity's call centres.

Finalised guidance for trustees of defined benefit (DB) pension schemes has been published giving further clarity on how they should deal with transfer requests from members looking to take advantage of pensions freedom.

Why advisers' approach to final salary pensions has changed forever

How to deal with insistent clients

All defined benefit (DB) pension transfers after 6 April will be regulated by the Financial Conduct Authority (FCA) to ensure mandatory advice has been taken and fully understood.