Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....
The National Employment Savings Trust (NEST) will not expand its decumulation offering to enter the drawdown market, the Department for Work and Pensions (DWP) has confirmed.
Administrators have a moral duty to ensure transfers are done correctly and take an assertive stance against scammers, according to an administration manager.
A government proposal to limit the right to transfer pension funds amid increasing scam activity has been welcomed by the industry.
The government has launched a consultation on banning pensions cold calling and limiting the right to transfer after a rise in scams since the pension freedoms.
The government has reaffirmed its commitment to crack down on pensions cold calling and give firms more powers to block suspicious transfers.
Anne-Marie Winton relates her experience of trying to transfer a pension pot.
Nearly one-in-three retirement savers would consider transferring final salary pension benefits to defined contribution schemes, latest research shows.
The estimated value of a defined benefit (DB) transfer grew by a modest £2,000 over September, according to Xafinity.
Plans to scrap mandatory advice for expats wanting to transfer their retirement pots overseas could open the door to scammers, it has been warned.