There, I've said it... DB transfers are not all bad
A substantial minority of defined benefit (DB) pension scheme members are intent on transferring out to take advantage of pensions freedom, research has found.
The Financial Conduct Authority (FCA) has published the final rules on the independent governance committees (IGCs) that must be set up by providers of contract-based pension schemes.
While pension savers back the upcoming pension freedoms they are ‘daunted' by the scale of choice on offer and want providers to offer them a default investment or drawdown choice, research has found.
Schroders has launched a fund to help defined contribution (DC) members coming up to retirement take advantage of incoming Budget flexibilities.
Seven out of ten defined contribution (DC) pot holders aged over 55 would prefer pensions to deliver a guaranteed income for life, according to research published by the International Longevity Centre-UK (ILC-UK).
Here they are… The key findings of the Independent Project Board's final report into the charges and benefits in workplace defined contribution schemes, published today.
About 700,000 people reaching state pension age over the next ten to 15 years are at "high risk" of making poor decisions when accessing their retirement income, according to a Pensions Policy Institute (PPI) report.
The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.
Financial advisers are expected to benefit from the new regime which allows transfers between defined benefit (DB) and defined contribution (DC) schemes to the tune of £3.39m per year.