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Adding to pension fund

Number of pension transfers shoot-up 587% in just 2 years despite warnings

26/11/2018

Have you moved a defined benefit pension? Final salary pensions are some of the most rare and valuable pensions around, promising a guaranteed income in retirement, with some excellent benefits and security. But despite this, it appears people are leaving them in the thousands, as the FCA reports a massive 587% increase in pension transfers … Continued

FCA demanding information from IFAs

FCA demands information from DB pension transfer advisers

13/11/2018

The FCA has written out to financial advisers who have permissions to conduct final salary pension transfers to demand information about the ongoing costs of the new pension arrangements being paid by their clients. Final Salary pension transfers are rarely considered suitable under the FCA’s rules, because of the amount of risk moving away from … Continued

Mps meet steelworkers

MPs to meet with steelworkers as pension mis-selling saga rumbles on

13/11/2018

Westminster will play host to steelworkers caught up in the mis-sold British steel pension transfer scandal, in an effort to hear and address concerns over the compensation offers being made to people who have lost out by transferring. It is believed that some financial advisers used fear tactics and uncertainty over the future of the … Continued

British steel sign being unveiled

Another Firm Connected With The British Steel Pensions Scandal Liquidates

16/07/2018

More claims are expected for mis-sold pension transfers away from the British Steel Pensions Scheme after Retirement & Pension Planning Services enters into liquidation. Based in Barnsley, Retirement & Pension Planning Services entered into an agreement with the UK financial services regulator back in December 2017, which mean they would STOP all pension transfer business, … Continued