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UK FCA: Less Than Half Of DB Pension Transfers Studied Receive Suitable Advice - Latest News

'DB transfers are a terrifying thing' says FCA's consumer voice

Defined benefit (DB) pension transfers are 'terrifying ... the regulator deemed less than half of the 88 DB transfer cases it looked at as suitable. The FCA also warned about shortcomings in the advic... read more

Fewer than half of people ditching final salary pensions are being given the right advice, finds FCA probe

The pitfalls of ditching final salary pensions are being flagged by watchdogs after a probe found fewer than half of people get a suitable recommendation ... from 22 firms on their defined benefit tra... read more

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 ... read more

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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 ... read more

FCA to hold second DB seminar near British Steel site

The Financial Conduct Authority (FCA) will hold a seminar on defined benefit (DB) pension ... of 88 DB transfer cases over a two-year period, the regulator revealed last month that less than half of t... read more

Tempted to cash in your pension? Think again

The worries are about so-called “defined benefit ... assuming a transfer… will not be suitable” and keeping their guaranteed pension will be the right decision for most people. It found that good advi... read more

Standard Life's (SLFPF) CEO Keith Skeoch on Q2 2017 Results - Earnings Call Transcript

I was wondering if you could give us a sense of kind of what scale of benefit that's been what your gross flow contribution from DB transfer was and also the advice process you ... the and you're seei... 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 ... read more

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

Commodity prices have dropped more than ... 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 imm... read more

Australia's super system is a national disgrace

But in the space of a few years they all rushed out of "defined benefit" super ... But that's an average - half the people will need to fund a retirement of more than 15-19 years (assuming retirement ... read more

Earning more and working less: The rise of the ‘Silver self-employed’

The ‘Silver Self-employed’ earn more and work fewer hours than their younger counterparts, according to findings from the ‘Definitive Study of the Self ... and 7 hours less – almost a full working day ... read more

Air Travel - An Overview

New Study Shows Nearly Half Comes From Non-Aeronautical Sources" by Christopher Harress, November 18, 2013 ( I have not studied FedEx or UPS in any depth, but they have defined benefit pe... read more

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