Govt to seek views from BSPS advisers in pension freedoms inquiry

The inquiry has collected evidence on what people are doing with their pension pots, including defined benefit (DB) pension entitlements, and whether those decisions are consistent with their objectives. On 13 December, the committee will hear evidence on DB transfers out of the BSPS scheme from individuals close to the subject. Active Wealth, that voluntarily agreed to stop accepting new pension business last week after concerns it offered unsuitable transfer advice to steelworkers, has been invited. Introducer firm Celtic Wealth Management & Financial Planning, that has been accu...