The number of transfers from defined benefit (DB) to defined contribution (DC) schemes has been lower than expected, according to the Financial Reporting Council (FRC).
A review by the FRC's Joint Forum on Actuarial Regulation (JFAR) on transfers found only a small increase in actual transfers despite a rise in requests for transfer values on the back of the April freedoms....
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.