Friends Life declines 500 pension 'liberation' requests

clock

Friends Life is calling on the pensions industry to take action against scheme 'liberation' companies after reporting a marked increase in the activity.

The group said it has declined more than 500 requests to transfer pensions into what it deems high-risk schemes since August last year. The total transfer value of the requests was in excess of ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Robin Ellison – How TPR might do its bit to boost UK economic growth

Robin Ellison – How TPR might do its bit to boost UK economic growth

PP’s regular columnist imagines how the regulator might improve national productivity

Robin Ellison
clock 29 January 2025 • 12 min read
DB surplus plans mark 'a seminal moment in UK pensions' industry says

DB surplus plans mark 'a seminal moment in UK pensions' industry says

Industry lines up to praise DB surplus moves as long as right guardrails are in place

Jonathan Stapleton
clock 28 January 2025 • 6 min read
Keir Starmer and Rachel Reeves confirm DB surplus release plans

Keir Starmer and Rachel Reeves confirm DB surplus release plans

Move could allow DB schemes to change their rules to permit surplus extraction

Jonathan Stapleton
clock 28 January 2025 • 4 min read
Trustpilot