pension transfer

The Pensions Ombudsman will participate in more appeals where there is a wider public interest, but how far will the service go? James Phillips reports

Xafinity has issued a scam warning to trustees after transfer values continued to swell over August.

Transfer values hit a new high in July 2016, as gilt yields fell to a record low, according to Xafinity.

The method for calculating pension transfer redress following unsuitable advice looks set to be overhauled by the Financial Conduct Authority (FCA) later this year.

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.

The Pension Regulator's (TPR) ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.

Pension transfer times have failed to improve, despite growing use of the Association of British Insurers' Options initiative.

The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.

Reviewing pension transfer cases should be a priority for advisers, according to MetLife.