AJ Bell has called on the Financial Conduct Authority (FCA) to question the rules that presume a defined benefit (DB) pension transfer will not be in the best interests of the client.
The pension provider said in a post-pension freedoms market, at a time when many DB schemes were in deficit, the rules may no longer be appropriate. It said the matter should be addressed in the FCA...
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Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
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Young advice and personal finance professionals have less than two weeks to enter Professional Adviser's second New Talent Awards.
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