pension transfer

How to operate in the new pension transfer world

The government is introducing an income tax exemption for payments made for advice on transfers out of defined benefit (DB) schemes.

DB transfer advice: Is it worth the reputational risk?

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.

The regulator's ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.

Can pension transfer innovation help solve the savings gap?

Legal & General Assurance Society (L&G) has been directed to compensate two clients it advised to transfer savings out of their employer's pension arrangements 21 years ago.

Members could be losing money because administrators are taking longer to process defined benefit (DB) pension scheme transfers, according to experts.

The Financial Conduct Authority (FCA) has found evidence of poor pension transfer advice, and, in a separate review, has written to the CEOs of self invested personal pensions (SIPP) providers raising concerns over firm failings.

The pensions industry must work together to establish an efficient and consistent transfer method or risk having a poorer version inflicted upon it by the regulator, Tom McPhail has said.