Fears 'significant' advice fees post-DB transfers are not VfM

XPS Pensions Group questions ongoing financial advice chargers

Hope William-Smith
clock • 3 min read
Fears 'significant' advice fees post-DB transfers are not VfM

Many people are not getting value for money from the significant charges they are paying financial advisers after they have moved out of a defined benefit (DB) pension arrangement, XPS Pensions Group says.

The firm's latest member outcomes survey - published today (8 December) - analyses transferring DB pension scheme members and various patterns in how and why the transfers occur. The average tot...

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