50 firms drop DB transfer 'gold standard' after PI renewal problems
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 first...
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Two-in-three DB sponsors issue profit warnings in 2020
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
Justin Corliss: Making the case for partial DB transfers
Half-way house
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees told to step up as FCA contingent charging ban takes effect
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
Family Building Society DB scheme moves into TPT master trust
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
