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....
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