50 firms drop DB transfer 'gold standard' after PI renewal problems

Hannah Godfrey
clock • 1 min read

Around 50 advice firms have surrendered their pension transfer ‘gold standard’ status after running into issues renewing professional indemnity insurance (PII) on pension transfers, according to the Personal Finance Society (PFS).

The PFS's ‘gold standard' celebrated its first anniversary on Wednesday (22 April), boasting 1,300 financial advisers - nearly half of those with pension transfer permissions - signing up in the fi...

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