A fair deal on transfers

clock

As the issue of transfer values continues to drag on Graham Edmonds, Simon Powell and Tim Jones outline what has happened so far

It's a cold spring morning in March 2006 and a dozen naked pensioners are protesting outside the Treasury, demanding compensation for the pensions they have lost. Over the previous decade, following a wave of scheme collapses, some 80,000 of their fellow pensioners have lost all or part of their benefits and the Government is refusing to provide compensation. As if 80,000 angry (potentially naked) pensioners weren't enough to scare the Chancellor, the Parliamentary Ombudsman then launches a scathing attack on the Government's "inaccurate, incomplete, inconsistent and potentially misleadin...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Identification remains weakest link in vulnerability assessments

Identification remains weakest link in vulnerability assessments

'Relying on the adviser to spot the signs personally is unquestionably impractical'

Jonathan Barrett
clock 26 November 2024 • 4 min read
Advisers revisit processes after FCA's retirement income review

Advisers revisit processes after FCA's retirement income review

Thematic Review of Retirement Income Advice released in March

Jenna Brown
clock 16 September 2024 • 2 min read
Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read