The government is being urged to ban defined benefit to (DB) to defined contribution (DC) pension transfers to minimise "complexity and confusion" once the 6 April retirement 'freedoms' are rolled out.
Three things clients may call you about this week
The information watchdog is to investigate claims pension data is being sold to fraudsters and cold-callers for as little at 5p without consent, according to reports.
The regulator is to investigate claims that some retirees who use pensions freedom to access their savings will be hit with ‘rip-off' charges, according to the Daily Telegraph.
Annuitants drawing an income from small retirement funds are most likely to sell their contracts, among those in favour of proposals permitting them to do so, according to research.
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Dentons Holdings group, which includes Dentons Pensions Management, has launched a legal arm specialising in property and conveyancing.