UK FCA: Less than Half of DB Pension Transfers Studied Receive Suitable Advice | RSS News Feed

UK FCA: Less than Half of DB Pension Transfers Studied Receive Suitable Advice - Latest News

RSS Feed for this news: UK FCA: Less than Half of DB Pension Transfers Studied Receive Suitable Advice

Less than 50% of DB transfer advice deemed suitable

The Financial Conduct Authority's (FCA) review of defined benefit (DB) transfer cases found the recommendation was to transfer were suitable in fewer than half of cases ... which identified 90% of pensions accumulation advice and 91% of retirement income ... read more

Can contingent charging stand up to criticism?

The FCA has long warned charges ... AJ Bell in June showed that around half still charge on a contingent basis for defined benefit pension transfers. Clients pay a percentage of the transfer value, and advisers only receive payment if the transfer goes ... read more

Greater protection for savers using pension freedoms floated by watchdog over fears some could make poor decisions or face high fees

Over half ... defined benefit' pensions which provide a guaranteed income after retirement. However, those still saving into such schemes can transfer to DC schemes, provided they get financial advice if their pot is worth £30,000-plus. The FCA also ... read more

Looking for another news?

Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms

But with half of those that transfer ... their increased DB obligations and so DC investors will see their own investments grow more slowly. In the UK it is estimated that more than one-in-five people are not saving for their pensions. read more

Race to cash in pension pots could spell retirement disaster

Individuals are being offered lump sums worth anything up to 40 times the value of the annual pension payment that they would receive if they remained in their defined benefit (DB ... though financial advice must be sought to transfer a final salary ... read more

Pension freedoms day: 101 questions answered

What if my pension is 'defined benefit’ (otherwise called 'final salary’)? Some final salary pensions are eligible for the freedoms, but you will need to transfer the money to a suitable ... for advice? It depends on the level of advice you receive. read more

Four investment strategies to generate £1,000 income a month

Indeed, two and a half years on from the freedoms being introduced, the retirement landscape has changed markedly. In July, the Financial Conduct Authority (FCA ... of retirement income such as a defined benefit pension, or who have saved diligently ... read more

HOISINGTON: We Have Yet To See The Low In Bond Yields

Lacy Hunt and Van Hoisington ... of defined benefit pension plans. This revision will not change the trend of the saving rate, nor will this higher figure indicate a source of funds for immediate spending since consumers will only receive such pension ... read more

Centrica plc UK Regulatory Announcement: Final Results

Brand NPS has been implemented consistently in the UK, Ireland and North America ... translation gain on foreign operations more than offsetting an increased actuarial loss on the Group’s defined benefit pension schemes. The net pension liability at ... read more

FeedsRSS Created by. Full RSS Feed | Privacy Policy | Contact Us