Defined benefit (DB) transfer values continued to increase to yet another record high during July but the number of people opting to exit final salary schemes remains steady, according to XPS Transfer Watch.
XPS Pensions Group's Transfer Value index rose from £259,700 at the end of June to £261,500 on 30 July, before falling back to end the month at £260,700. According to the group, the increase was a result...
Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions.
'This sleepy corner on the occupational pension world is ripe for a service upgrade'
Entered administration in February
Part of its Transfer Watch tracker
The Financial Ombudsman Service (FOS) has asked adviser firm The On-Line Partnership to compensate a client following unsuitable advice to transfer his pension to a self-invested personal pension (SIPP) and invest in unregulated schemes.
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