The Pensions Ombudsman (PO) has directed Standard Life to reconsider granting a transfer request to a suspected liberation vehicle after a scheme member complained about the provider.
However, Tony King issued a "serious note of caution" to the member over his "unorthodox" intention to transfer, which was at least "high risk" and could leave him financially poorer at worst. Lawyers...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected