PFS warns of post-lockdown pension transfer request 'spike'
‘No-one wants a repeat of British Steel’
Keith Richards: "we must not allow history to repeat itself."
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...
More on Retirement
Three receive CISI's Accredited Financial Planning Firm status
Adding to 67 firms
Lack of info and poor product choice key barriers to ESG - research
41% of advisers report rise in client ESG queries
PFS board considers CII deregistration proposals but votes against it
Vote held 17 June
Is this the end of the 'robo' experiment? Reaction to Nutmeg's sale to JP Morgan Chase
£500m+ rumoured sale sum
Schroders PW partners with The Verve Foundation to attract new advice talent
Will sponsor participants
Back to Top
More news
Sustainable Festival: UN's Mulder says asset owners must take nature-based investment more seriously
Investment gap must be closed
Three receive CISI's Accredited Financial Planning Firm status
Adding to 67 firms
IHT receipts up 54% year-on-year in April and May
£5m in tax receipts
Lack of info and poor product choice key barriers to ESG - research
41% of advisers report rise in client ESG queries
