The regulator has proposed a cap of 1% on controversial early exit charges for existing pensions, but the industry is mixed on whether this move goes far enough to help consumers.
The new cap, announced in a consultation paper released on 26 May, will affect personal and stakeholder pensions - both individual and workplace - as well as self-invested personal pensions, for those...
But steady transfer values
Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions.
'This sleepy corner on the occupational pension world is ripe for a service upgrade'
Entered administration in February
Part of its Transfer Watch tracker
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams