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.
Four in ten decumulation products bought in 2021 were purchased without professional advice, according to product sales data from the Financial Conduct Authority.
A group of MPs have called for an auto-enrolment mechanism to be introduced for self-employed to get more saving into pensions.
A pair who masqueraded as advisers to defraud pension savers of £20m have been jailed.
Oaktree Capital Management is to rename Sanlam Wealth as atomos after acquiring the business from Sanlam UK.
Easier divorce rules have fuelled a jump in online applications from couples splitting with this set to continue, a Freedom of Information request has revealed.