member transfers

Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to research from one provider.

Top stories on PP this week included controversy over the exit of Paul Spencer from the BA scheme and the latest round of the Box Clever court battle. Here's what you might have missed.

Open transfers would boost competition

Transfers could make existing strategies unsuitable

The government has introduced an income tax exemption for financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

With millions needing help to make retirement decisions can technology deliver the golden goose? Michael Klimes investigates

The Pensions Regulator (TPR) has launched an investigation into exit fees, charges and the defined contribution (DC) transfer process, in a bid to improve processes.

Financial advisers (IFAs) will be wary of helping members transfer from defined benefit (DB) to defined contribution (DC) arrangements due to fears they will be accused of mis-selling, warn consultants.

Pension administrators in the UK are more than capable of delivering partial transfers from defined benefit (DB) to defined contribution (DC) says Capita Employee Benefits.

While some schemes are facilitating DB-DC transfers others are more hesitant. Michael Klimes looks at why this is happening