Over a third of defined benefit (DB) trustees have helped their members source financial advice in the lead up to their retirement, research shows.
The industry has broadly praised the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice as a move towards improving retirement outcomes.
Motoring giant Ford has agreed to offer members of its UK defined benefit (DB) scheme the right to partially transfer their pension.
Research highlights confusion about where responsibility to support members on transfers lies. Kim Kaveh looks at the key findings
Some 95% of defined benefit (DB) trustees and sponsors are concerned about the consequences of members getting inadequate support for their retirement options, according to Hymans Robertson research.
Hymans Robertson has appointed four new partners across different areas within the firm, including financial services and defined benefit.