LV= is exploring the sale of its remaining life and pensions operations, Sky News has reported.

The Financial Conduct Authority (FCA) has banned the use of contingent charging in defined benefit (DB) transfer advice.

The easing of the UK’s lockdown could mean a steady rise in defined benefit (DB) transfers, as the ‘lockdown effect’ on the sector weakens, research from Lane Clark & Peacock (LCP) finds.

Down again from March

Pension scheme members looking to transfer from a defined benefit (DB) to a defined contribution (DC) pension during the Covid-19 crisis will be warned it is unlikely to be in their best long-term interests in a letter from regulators and schemes.

Around 50 advice firms have surrendered their pension transfer ‘gold standard’ status after running into issues renewing professional indemnity insurance (PII) on pension transfers, according to the Personal Finance Society (PFS).

FCA to look at decumulation advice

Stopped suitability of advice work

Former pensions minister Ros Altmann has called for defined benefit pension transfers to be suspended for six months in wake of market turmoil caused by the coronavirus.