Demand for DB transfer advice to soar this year, says UBS
High-net worth savers will increasingly seek advice on transferring their defined benefit (DB) pots over the next 12 months, according to UBS.
As much as 10% of the wealth management arm's pension advisory work is expected to relate to DB schemes this year, up from 5% last year. It anticipates much of this will be on transfers, due to the current...
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Pension transfer values end volatile year 8% up; Scam 'red flags' at record high
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
DB funding - December 2020: Deficit up £76bn over 2020, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
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Hymans Robertson and Isio appointed to Scottish Enterprise Scheme
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