The Financial Services Authority has launched a suitability template on pension switching advice as part of an industry-wide review.
It asks advisers to consider whether the receiving scheme is more expensive than the ceding plan, and to justify a switch if it is, among other guidelines. The template's launch, which relates solely...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.