Financial advisers are generally in favour of keeping contingent charging on defined benefit (DB) transfers after the FCA floated the idea of banning it, according to research from Aegon.
The pension provider found support was strong for a continuation of some form of contingent charging on DB transfers in order to avoid making the so-called advice gap bigger. More than half (56%) of...
Creates £11bn asset management business
And more competition
Launched November 2018
£15m group claim