TISA drops plans to launch DB transfer guidance service

Last year, TISA had been planning to trial guidance sessions for members who wanted to transfer out but fell below the £30,000 threshold for compulsory advice. A spokesperson told Professional Adviser's sister title Professional Pensions today one of the reasons for dropping the plans was that setting up such a guidance service was viewed as too complex following some of the recent issues around the British Steel Pension Scheme (BSPS). Tim Sargisson: Steel yourself for another pension scandal TISA's retirement policy manager Renny Biggins said: "Our priority is to ensure that all c...