Pension superfunds, Link Financial Solutions and advisers "fleeing" the pension transfer market - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Advisers flee pensions transfer market, stranding savers who want to cash in Advisers are "fleeing" the defined benefit (DB) transfer market, reports The Telegraph, citing Quilter Financial Planning's recent exit, as well as Tideway's, which PA first revealed two weeks ago. The Telegraph quotes data from XPS Pensions Group that says there was a 60% increase in transfer activity in June compared to the previous month of May, suggesting people are increasingly interested in transferring their pots but may find it harder to get a trustworthy financial advser. "It will become harder to ...
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