FSCS data has revealed DB transfer-related pay-outs have doubled in the last two years although Royal London director of policy Steve Webb has argued this offers limited insight into the quality of more recent financial advice.
Pay-outs to those wrongly advised to transfer out of their defined benefit (DB) pension rose to more than £40m last year, data from the Financial Services Compensation Scheme (FSCS) has shown. According...
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
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