DB drama and SIPP spectacles: A year of retirement advice changes

Retirement reloaded

Hannah Godfrey
clock • 5 min read

From DB disaster to PI pandemonium, Hannah Godfrey takes a look back at the biggest stories to impact retirement advice in 2019.

MPs launch inquiry into contingent charging on DB transfer advice Back in early January at the beginning of 2019 - if you can remember that far back - while the rest of us were busy getting over our New Year hangovers, the then-Work and Pensions Committee (WPC) chair Frank Field was busy launching an inquiry into contingent charging on defined benefit (DB) pension transfer advice. Where the Financial Conduct Authority (FCA) appeared reluctant to take a side in the ‘should it be banned?' debate, the WPC chair wasn't nearly as shy, claiming the committee needed to tackle the "vultures" ...

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 Retirement

Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read
Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read