The role of schemes as DB transfer advice costs soar

Kevin Hollister says trustees cannot leave scheme members to figure things out alone

clock • 3 min read
Guiide founder Kevin Hollister
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Guiide founder Kevin Hollister

The government says it is working “closely” with the financial regulator to address concerns about soaring costs of pension transfer advice. What are the key issues for those considering a transfer and what are the solutions?

Accessing advice Advice on any defined benefit (DB) transfer is compulsory if the transfer is over £30,000. However, due to the number of advisers providing advice falling from 3,000 to 1,160 in ...

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