Fewer schemes will carry out enhanced transfer value exercises following the introduction of a code of conduct and changes in how members are advised, says law firm Osborne Clarke.
Partner Keith Webster told delegates at the PP Show that the ban on cash incentives in the code, published earlier this year, would reduce take-up from members, making the exercises less attractive...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
