Enquiries on transferring final salary pensions overseas shot up in December as savers feared the effect of the upcoming Brexit negotiations, according to deVere Group.
In the final weeks of 2016, there was a 21% uptick in enquiries to financial advisers as savers recognised the "golden opportunity" transfers could present. Transfer estimates were as high as £234,000...
Defined benefit (DB) scheme trustees are looking to their schemes to provide them with better technological support, with eight in ten agreeing ad-hoc and online meetings will permanently replace the pre-Covid quarterly meeting cycle.
Average transfer takes 11.9 days
The Debenhams brand and website has been acquired by online fashion retailer Boohoo for £55m, although the pension scheme, shops, and stock will not be purchased.
Con Keating says last week’s Pensions Buzz survey indicates the true feeling of directly affected schemes to The Pensions Regulator’s DB funding code proposals.
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.