Pensions regulator urges schemes to cut transfer values

A freedom of information request submitted by Royal London revealed the letters have been sent to several large pension schemes that have been experiencing a high volume of transfer requests, as part of a drive to protect members from unsuitable transfers and from scams. The letter also raised concerns that if trustees offer overly generous transfer values to those leaving the scheme, it could be detrimental to those left behind. The letter said: "In light of recent events concerning your scheme sponsors, we would expect you to take advice from your scheme actuary about whether the ba...