PFS warns of post-lockdown pension transfer request 'spike'
‘No-one wants a repeat of British Steel’
A potential surge in pension transfer requests as a result of the economic fallout from lockdown could see demand for advice rocket, putting increased pressure on the profession, the Personal Finance Society (PFS) has warned.
In a communication to members, chief executive Keith Richards said increased demand for advice on potential exits from defined benefit (DB) pension schemes must not result in a repeat of the British Steel...
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