The ban on contingent charging and the pandemic have resulted in a major slump in pension transfers, according to new research. 

A flood of insolvencies in 2021 could lead to a new gold rush for DB transfer in the new year as household budgets are squeezed, according to a new report.

The Personal Finance Society warned today that it has evidence of financial advisers struggling to obtain professional indemnity insurance - and being unable to advise on defined benefit pension transfers - due to big increases in the Financial Ombudsman Service compensation limit.

The FCA has issued new guidance today on how redress should be provided for pension transfer mistakes.