An advice firm placing defined benefit (DB) transfer adverts on Facebook is accentuating clients' inherent biases towards a large transfer value and goes against what the regulator expects, according to ex-FCA technical specialist Rory Pervical.
Smarter Advice, a trading name of Peterborough-based advice firm Tuto Money, has been advertising its DB transfer service on social media through Facebook since July this year. The adverts click through...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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