PFS: Change the law so trustees cannot ignore advisers on DB transfers

clock • 3 min read

A pension scheme trustee has transferred a client's pension despite clear warnings from the adviser this was not their recommendation - a scenario that should provoke a change in the law, according to the Personal Finance Society (PFS).

Money Minder managing director and chartered financial planner Ray Black told PP's sister publication Professional Adviser that a 62-year-old man came to him to obtain his pension transfer value fr...

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