Government drops mandatory advice for small DB transfers

clock

The government has abandoned the requirement for defined benefit (DB) members to take regulated advice before transferring a small pot into a defined contribution (DC) scheme.

Originally, this exemption was set to be applied to total pension wealth of a maximum of £30,000, but Lord Newby said this limit would be curtailed to an equivalent transfer value instead. Durin...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Lloyds completes three longevity hedging transactions, WTW acquires Cushon, TPR updates admin guidance

Professional Pensions
clock 12 December 2025 • 1 min read
News Digest: MPs pension scheme makes 'mockery' of Reeves investment push

News Digest: MPs pension scheme makes 'mockery' of Reeves investment push

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 12 December 2025 • 1 min read
Hymans Robertson sets out 2026 hopes for the pensions industry

Hymans Robertson sets out 2026 hopes for the pensions industry

Consultancy says insurance, decumulation and DEI will see changes

Jasmine Urquhart
clock 11 December 2025 • 4 min read
Trustpilot