More than 600 firms sign up to PFS's gold standard for DB transfers

The Pensions Advice Taskforce, which has the backing of the PFS, launched the standard alongside a consumer guide to help people better understand what to expect from regulated defined benefit (DB) transfer advice. The guide, linked to an adviser code, is based on nine principles underpinning good practice when giving pension transfer advice. Advisers who adopt the code are required to display the Gold Standard badge. The standard and guide were the result of a cross-sector collaboration between financial advisers, professional indemnity insurers, consumer bodies and scheme trustees. ...