Almost half (44%) of advisers have seen an increase in insistent clients wanting to push ahead with defined benefit (DB) pension transfers despite their initial recommendation to keep their safeguarded benefits, according to research by Prudential.
Although initially against the idea of transferring, around half (51%) of those with insistent clients said they had still helped with the transfer after the client disagreed with their recommendation....
It’s no ‘Mystery Incorporated’
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13% unsure if pension is DB or DC
CII, CISI and CBI form alliance