Displaying items by tag: DB pensions
Wednesday, 25 October 2023 13:07
DB pension transfer values slump by a third
DB transfer values have fallen by a third since June 2018, according to the latest data from XPS’s Transfer Value Index.
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Friday, 28 April 2023 14:59
FCA warns of overseas pension transfer risk
The FCA has warned of increased risk to consumers when overseas firms refer defined benefit (DB) scheme members to UK firms - including SIPP firms - for pension transfer advice.
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Wednesday, 04 January 2023 13:05
DB pension schemes recover after 2022 shocks
Defined Benefit pension schemes enjoyed an “unprecedented” £400bn fund improvement in 2022, according to pension consulting and admin firm XPS Pensions Group.
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Monday, 11 March 2019 10:35
Drawdown cash withdrawals ‘set to surge’
As the end of the tax year approaches Hargreaves Lansdown has predicted a surge in drawdown cash withdrawals.
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Friday, 22 February 2019 09:42
More than 8 in 10 call for partial DB transfers in all schemes
A new survey has revealed 85% of respondents believed all DB schemes should allow partial transfers.
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Tuesday, 08 January 2019 12:18
Fears over MPs' probe into contingent charging
MPs on the Works and Pensions Committee have voted to investigate contingent charging on pension transfers but some in the industry are sceptical about the benefits of such a move.
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Tuesday, 13 November 2018 12:01
Experts welcome DWP consultation on DB pensions consolidation market
XPS Pensions Group has welcomed a proposed consultation from the Department for Work and Pensions (DWP) on DB pension scheme consolidation.
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Thursday, 04 October 2018 12:50
Pension transfer advisers will need specialist qualification from 2020
The Financial Conduct Authority has today published final rules and guidance from its consultation on improving the quality of pension transfer advice.
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Friday, 14 September 2018 14:37
FCA’s Chris Hewitt explains regulatory changes to DB transfer rules
The FCA’s Chris Hewitt went into detail about new rules governing DB transfers at yesterday’s Paraplanners Powwow.
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Monday, 03 September 2018 16:55
‘Huge variations’ in how firms ‘triage’ pension transfers
A survey of around 400 financial advisers has found “huge variations” in the way firms carry out an initial ‘triage’ process when clients ask about pension transfers.
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