Defined benefit (DB) trustees are now required to contact financial advice firms to ensure staff providing advice to members are compliant under new adviser rules before carrying out a transfer exercise.
This was revealed in The Pensions Regulator's (TPR) updated DB to defined contribution (DC) transfers and conversions guidance document, which was amended last week. It also said trustees have the option...
Transfer quotes could sharply rise
'Financial vulnerability could increase'
Appeal could take days or weeks to be granted
More than two years for decision
Highlights ongoing ‘pensions crisis’
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