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....
… and not just wagging their tax tails
Consultation open until 12 March 2018
'Advisers are waking up'
Investors across the globe have an apparently innate home bias, preferring to invest in companies based in domestic markets rather than looking abroad, says Thomas Wells, Multi-asset Fund Manager at Aviva Investors.
Quarter of retirees in “substantial debt”