A pension transfer investigation; the looming Chinese stockmarket crash; and UK interest rate rises - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
How do pension savers get a bad deal? Let me list the ways This weekend's Sunday Times lists findings from a report compiled by PensionBee, which looks into various pension transfers made to its platform from other pension schemes this year. Highlights include Xafinity coming up trumps among providers for the slowest pension transfer time, taking 52 days on average with the highest transfer time taking 83 days. Aviva, Scottish Widows, B&CE, Canada Life and Phoenix Life were the fastest on average, taking some two weeks to transfer a pension. Meanwhile, it finds some customers were stung ...
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