Mercer under fire again after asking for £280k transferred pension pot back

The client's financial adviser, who did not wish to be named, told Professional Adviser he was working with the client and his wife, who were both 55, and wanted to retire. The husband had the largest pension pot but it would only become available to the couple in five years' time, at age 60 so he requested a partial transfer of the client's defined contribution (DC) and defined benefit (DB) scheme from the firm totalling £350,000. Mercer confirmed the client could make the transfer and so he handed in his notice at work to officially retire. The adviser said that was as much of the c...