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16 firms cease pension transfers

MORE firms agree with FCA to halt pension transfers

05/04/2017

16 companies have voluntarily agree with the Financial Conduct Authority to cease pension transfers A pension transfer (as defined by the FCA) is when a defined benefit pension (such as a final salary scheme, or other occupational scheme that guarantees a certain pay-out on retirement) is transferred to an alternative pension scheme, such as a … Continued

C.I.B Life & Pensions Goes into Liquidation

17/12/2015

CIB Life and Pensions went into liquidation back in May 2015, shortly after the Financial Ombudsman found them at fault regarding advice given on unregulated investments. CIB seem to have regularly given advice on unregulated investments, particularly overseas property schemes in exotic locations, some of which are no longer paying their promised returns, such as … Continued