Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
A potential surge in pension transfer requests as a result of the economic fallout from lockdown could see demand for advice rocket, putting increased pressure on the profession, the Personal Finance Society (PFS) has warned.
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
The Pensions Regulator (TPR) has sent letters to defined benefit (DB) schemes encouraging trustees to consider cutting transfer values on offer when workers want to leave.
An increased volume of enquiries has led British Airways (BA) Pensions to temporarily suspend transfer values for active members.
Transfers out of defined benefit schemes have increased substantially over the past year. Charlotte Moore looks at the challenges this is posing for schemes
The Pensions Ombudsman (TPO) has stood behind the Standard Life staff pension scheme's decision to not issue a new transfer value, despite a member agreeing to pay for it.
Defined benefit (DB) schemes should provide more comprehensive information when calculating cash equivalent transfer values (CETVs) to reduce delays, according to Rathmore Financial and Royal London.
Steve Webb discusses the tricky issue of whether trustees should include cash equivalent transfer values on member statements
While many schemes may feel their path to buyout will be a long one there are opportunities available to accelerate the process says David Bunkle.
Henry Tapper discusses the highs and lows of DB transfers.
Eight out of ten defined benefit schemes have taken some action to respond to the extra retirement flexibilities for defined contribution retirees introduced in April, research finds.
The pensions industry has rejected concerns that transfer values are too stingy, although many think it is time for a new methodology.
As trustees prefer for an increase in transfer requests, PP looks at best practice
Seven out of ten pension industry members back extending defined contribution (DC) flexibilities to defined benefit (DB) members, according to an Aon Hewitt survey.
Trustees have been urged to review their approach to calculating cash equivalent transfer values to avoid putting scheme finances at risk.