Selectapension's defined benefit (DB) transfer outsourcing business, Selectapension Bureau Services, has entered liquidation following a 2017 decision to suspend DB pension transfers.
A notice on The Gazette revealed liquidators Mark Newman and Vincent John Green were appointed in October 2018 to wind down the firm. In 2017, Selectapension suspended its DB transfer service for advisers. Its DB transfer outsource business Selectapension Bureau Services subsequently chose to exit the market entirely. A Selectapension spokesperson said: "Selectapension Bureau Services was a subsidiary of Selectapension Ltd and so completely separate from the parent company. Selectapension Bureau Services was wound up following the decision in November 2017 to suspend DB pension transf...
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