UK - Scottish Life has relaunched its pension transfer campaign with marketing material to help IFAs make the most of opportunities in the market.
It includes sales aids and pre-approach letters to assist with compliance.
Individual marketing manager at Scottish Life Mark Polson said: “The advent of new, more flexible products, the growth of pensions in divorce market and even the regulatory changes of the defined contribution regime all add up to make the transfer market one of the most attractive for IFAs.”
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.