The government has abandoned the requirement for defined benefit (DB) members to take regulated advice before transferring a small pot into a defined contribution (DC) scheme.
Originally, this exemption was set to be applied to total pension wealth of a maximum of £30,000, but Lord Newby said this limit would be curtailed to an equivalent transfer value instead. Durin...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
