There is a "big chance" professional indemnity (PI) insurance for advising on defined benefit (DB) transfers will disappear, Nigel Chambers told delegates at the inaugural PA360 conference last week.
Speaking at a panel discussion on DB transfers on 24 April, the CTC Software co-founder and managing director (pictured) told the room the odds were that PI insurance on DB transfers would soon be a thing...
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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