The majority of defined benefit (DB) savers may sit in "well-run, larger schemes", according to The Pensions Regulator (TPR), but the watchdog has warned it needs to act on smaller schemes that are "lagging behind".
TPR said smaller DB schemes tended to display "poorer governance standards" and have trustees who place less emphasis on assessing the fitness and proprietary of new trustee board members. It also found...
Consumer complaints against firms for misadvised DB transfers also rising
Changed in November last year
The question is: what is the right thing to do?
Admits past failings
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