The buyout deficit of FTSE 350 pension schemes has reduced by £2.5bn since the introduction of Freedom and Choice due to an increased number of transfer exercises, Barnett Waddingham has found.
NEST is now managing £5.7bn on behalf of its members, more than double the £2.7bn it was managing at the same time the previous year.
The Pensions Administration Standards Association (PASA) has launched guidance on defined benefit (DB) transfers to help give members better flexibility while retaining their pension benefits.
The Salvus Master Trust has launched a mobile app for members after employers revealed they wanted their members to have more access to online tools.
XPS Pensions has combined its transfer value index and its transfer activity index to create a transfer watch service to understand the trends and behaviours of members accessing the pension freedoms.
Trustees fear their members are not equipped to deal with the risks they face when accessing their pension and worry those nearing retirement will face predatory attention from scammers, research by Wealth at Work reveals.
Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....
The National Employment Savings Trust (NEST) will not expand its decumulation offering to enter the drawdown market, the Department for Work and Pensions (DWP) has confirmed.
Administrators have a moral duty to ensure transfers are done correctly and take an assertive stance against scammers, according to an administration manager.
A government proposal to limit the right to transfer pension funds amid increasing scam activity has been welcomed by the industry.
The government has launched a consultation on banning pensions cold calling and limiting the right to transfer after a rise in scams since the pension freedoms.
The government has reaffirmed its commitment to crack down on pensions cold calling and give firms more powers to block suspicious transfers.
Anne-Marie Winton relates her experience of trying to transfer a pension pot.
Nearly one-in-three retirement savers would consider transferring final salary pension benefits to defined contribution schemes, latest research shows.
The estimated value of a defined benefit (DB) transfer grew by a modest £2,000 over September, according to Xafinity.
Plans to scrap mandatory advice for expats wanting to transfer their retirement pots overseas could open the door to scammers, it has been warned.
The Pensions Ombudsman will participate in more appeals where there is a wider public interest, but how far will the service go? James Phillips reports
Xafinity has issued a scam warning to trustees after transfer values continued to swell over August.
Transfer values hit a new high in July 2016, as gilt yields fell to a record low, according to Xafinity.
The method for calculating pension transfer redress following unsuitable advice looks set to be overhauled by the Financial Conduct Authority (FCA) later this year.
Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.
The Pension Regulator's (TPR) ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.
Pension transfer times have failed to improve, despite growing use of the Association of British Insurers' Options initiative.
The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.