Displaying items by tag: pension transfers
Pension transfer values slump by 36% in 2022
Defined benefit transfer values fell by more than a third last year as investor concerns over UK debt drove gilt yields higher, according to new analysis.
5 firms fail after flood of pension advice claims
The Financial Services Compensation Scheme has declared five pension advice firms as failed this week - four of them for pension transfer advice complaints.
Adviser facing pension transfer claims defaults
Advice firm Bartholomew Financial Limited has been declared in default by the Financial Services Compensation Scheme (FSCS) whilst facing 12 claims.
FSCS declares 2 advice firms as failed
Two advice firms have been declared failed by the Financial Services Compensation Scheme this week, including a Financial Planning firm which has 25 pension transfer claims against it, including BSPS cases.
Transfer warnings often triggered for ‘unknown’ reason
Almost half (44%) of amber pension scam warning flag guidance sessions are being conducted without knowledge of why the flag was raised, according to the Money and Pensions Service (MAPS).
2 advice firms default after 88 pension transfer claims
The Financial Services Compensation Scheme has declared two advice firms in default with over 88 pension transfer claims between them.
Lisa Webster: The growing transfer headache
It’s been eight months since the DWP made changes to the statutory right to transfer. Over that time the number of transfers being held up by the new anti-scam measures appears to have steadily increased.
Scottish pension transfer IFAs fails after 34 claims
Glasgow-based IFA Cowley & Miller Independent Financial Services Limited has failed after the firm was hit with 34 claims from clients, most related to pension transfers.
Pension transfer rules amended by TPR and DWP
The Pension Regulator (TPR) and DWP have amended guidance on tough pension transfer regulations introduced in November last year.