Transfer Value Statement
One year on: how freedom and choice is changing pensions
Freedom and choice is producing unexpected results across DB and DC schemes
Transfer values fall close to near lowest level for a year
Transfer values have fallen to their lowest point for almost a year, according to Xafinity.
Pension transfer quotes double in six months
The number of transfer value requests in defined benefit (DB) schemes doubled from January to July this year according to research from Xafinity.
Cash is king for DC schemes embracing flexibility
Most schemes are letting members take pots as cash but remain reluctant to offer other freedoms
History usually debunks forecasters
No one can predict the future with certainty but this does not stop people from trying. The media is full of pundits claiming history will turn right when it in fact turns left.
Ombudsman orders L&G to compensate customers over 'unsuitable' transfer advice
The Financial Ombudsman Service has ordered Legal and General (L&G) to compensate two customers who transferred out of defined benefit schemes following "unsuitable" advice.
Budget changes could cut DB liabilities by £15bn
Transfers from defined benefit (DB) to defined contribution (DC) schemes as a result of changes introduced in the Budget could cut £15bn from FTSE 350 scheme liabilities, says Hymans Robertson.
FSA tightens pension transfers rules
The Financial Services Authority has confirmed it will toughen up rules on transfer value analysis.
SPC supports plans to revise TVA assumptions
The Society of Pension Consultants has backed proposals from the Financial Services Authority to revise assumptions used in transfer value analysis.
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