A potential solution to the contingent charging dilemma would be to allow clients to pay for DB transfer advice from their final salary schemes, Royal London director of policy Steve Webb has argued.
The former pensions minister said potential clients could be put off seeking defined benefit (DB) transfer advice in a non-contingent model by having to find upfront cash to pay an adviser. He argued his...
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...
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