Only 4% of DB pension schemes still open to new members
- Tuesday, 20 February 2024
- Articles
One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.
Read more...FCA unveils Defined Benefit Advice Tool
- Monday, 18 January 2021
- Articles
The FCA has launched a Defined Benefit Advice Assessment Tool to help advisory firms understand how the regulator checks the suitability of Defined Benefit pension transfer advice.
Read more...Claire Trott: The dangers of default decumulation processes
- Wednesday, 25 April 2018
- Comment
In the final report of its inquiry into pension freedom and choice, the Work and Pensions Committee calls for a simple package of measures to create better informed, more engaged pensions savers – and offer a default decumulation pathway to protect the less engaged.
Read more...Claire Trott: Why contingent charging can be right for some
- Wednesday, 28 March 2018
- Comment
There isn’t anything wrong with a defined benefit transfer for the right person at the right time for the right reasons, but it is a complex decision. So rightly, I believe, there is the advice requirement but this can cause issues for those that can’t afford to pay for advice.
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