I spent several hours one morning this week poring over my old G60 manual to help work out some ‘scheme specific protected tax-free cash’ calculations in respect of some pre-2006 occupational pension scheme benefits for an adviser.

The retirement outcomes review continues to cause fun and games in the world of pensions. Particularly for those with more complex pension products.

As the Chair of AMPS, I dread the day that the Financial Ombudsman Service complaints data is published.

There isn’t anything wrong with a defined benefit transfer for the right person at the right time for the right reasons, but it is a complex decision. So rightly, I believe, there is the advice requirement but this can cause issues for those that can’t afford to pay for advice.