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Savers transferred around £2.8bn out of DB scheme
The Treasury is set to save around £4.5bn from the increase
Association says changes made by government could help investors
The financial watchdog is set to revisit its original guidance from 2017
Scottish Widows managing director of pensions Jackie Leiper will now run the platform business
Next year will also bring new rules to help savers during decumulation
There is a lack of black people across senior role in financial services and there is a “strong business case” for improving diversity, the Financial Conduct Authority (FCA) has said.
PensionBee has a market capitalisation of £365m and has set an initial public offering share price of 165p.
Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from XPS Pensions Group.
Average transfer takes 11.9 days