O&M Pension Advice is to cease activities as an Introductory Pension Transfer Advisory service.
National IFA LEBC The Retirement Adviser has called for clarity for consumers considering pension transfers.
The Financial Services Compensation Scheme has listed 11 failed advice firms it declared in default in March in a move which will mean some British Steel Pension Transfer clients being compensated.
MPs call on FCA to ban contingent fees on DB pension transfers and establish an easy-to-use online register of pensions advice firms, MPs have demanded.
An ex-adviser who turned client and says he lost £30,000 due to a pension transfer delay has been successful in his complaint against Intrinsic Financial Planning.
Pension transfer values remained high during 2017, figures showed today.
Pension transfers into SIPPs dominated the pension transfer market in 2017, latest industry figures show.
The rapid growth in the number of pension transfers will continue this year, according to the respected global actuary and consultancy firm Willis Towers Watson.
Pension investments rose by 66.3% year on year in the third quarter to hit £13.4bn fuelled by transfer business, particularly transfers to SIPPs, according to analysis from intermediary database provider Equifax Touchstone.
Pension transfer value from the end of September to the end of October (as measured by the Xafinity Transfer Value Index) have remained relatively stable, fluctuating between £229,000 and £234,000, the company’s data shows.
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