JLT Wealth Management has confirmed it is suspending defined benefit transfer exercises after the Financial Services Authority issued new guidance on how transfer values are to be calculated.
Managing director Karen McCaffrey (pictured) said the firm believed the move was in the best interest of their clients. She said: "In light of the FSA's announcement and the change to assumptions around...
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Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.