pension transfers

Questions raised over fees and liability

Improperly delegating regulated activities to others can have 'serious implications', regulator warns

DB schemes take 'up to three months' to respond

A mandatory requirement on providers to use Origo's Options Transfers service is among the suggestions for improving the efficiency of pension transfers.

Some providers that insist regulated advice be taken by customers seeking to transfer out of their pensions are unsure why they require it, research suggests.

Almost all advisers have received enquiries for retirement advice as a result of the government's pension freedom reforms, according to latest research by the Association of Professional Financial Advisers (APFA).

Pension transfer requests out of defined benefit (DB) schemes doubled post pension freedoms, according to research from one provider.

Five times the FCA made no sense

The government has introduced an income tax exemption for regulated financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

People living overseas looking to transfer their UK pensions face having to pay for advice twice under the latest Financial Conduct Authority (FCA) rule update.