DB members urged to 'shop around' for pension transfer advice

LCP advises savers to be ‘savvy’ when looking for pension transfer advice

Martin Richmond
clock • 2 min read
DB members urged to 'shop around' for pension transfer advice

A considerable discrepancy in the upfront charges on defined benefit (DB) pension transfers should prompt savers to shop around when it comes to advice, according to Lane Clark & Peacock (LCP).

Research by the consultancy found at the lowest end, advisers charged £1,000 for transfer advice while at the highest end some savers were charged £20,000 or over. Some members, especially savers w...

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