pension transfers

The FSA has today issued its second fine in as many weeks over concerns on pension switching advice, but it is interesting to note case checking has been of particular interest to the regulator.

Advisers should not get defensive when asked for additional information by SIPP providers, the FSA says.

Transact is lobbying the FSA "quietly behind the scenes" in a bid to reduce pension transfer delays, an issue it labels as more important to IFAs than re-registration.

Incentives being offered by employers to move people out of defined benefit schemes could affect their future means-tested benefits.