Steer clear of the transfer trap

New pension transfer regulations were laid before Parliament on 24 January that will have a big impact on the pension transfer market. While there is normally plenty of time to digest changes such as these, advisers have not been given this luxury this time. Due to the immediacy of the revisions, especially those affecting transfers to personal pension schemes, they impact immediately on advice. As a result, advisers should immediately review all pending transfer cases if they wish to avoid the transfer traps that are laying in wait for those who do not get up to speed with the changes. ...