The government is being urged to ban defined benefit to (DB) to defined contribution (DC) pension transfers to minimise "complexity and confusion" once the 6 April retirement 'freedoms' are rolled out.
Widespread pension changes first announced by Chancellor George Osborne at Budget 2014 have "shifted" attitudes on the benefits of switching out of final salary pensions, according to some advisers. ...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected