A considerable discrepancy in the upfront charges on defined benefit (DB) pension transfers should prompt savers to shop around when it comes to advice, according to Lane Clark & Peacock (LCP).
Research by the consultancy found at the lowest end, advisers charged £1,000 for transfer advice while at the highest end some savers were charged £20,000 or over. Some members, especially savers w...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
