Advice rule irritates DB savers as pension freedom trends emerge

Almost one in ten calls to Fidelity Worldwide Investment's pensions hotline is from a DB client requesting details on how they can benefit from the pension ‘freedoms' afforded to defined contribution (DC) savers from 6 April this year, the group said. But it added the requirement for advice "is frustrating some customers who just want to take their cash". Last year the government made it compulsory for those seeking to transfer out of a private sector DB scheme to receive regulated advice. Related reading: What is going on with pension transfer permissions? Though transferri...