Changing sides: Improving the pension transfer process

25 Feb 2016

Liz Coyle has scoured the government's response to its pension exit charge consultation and picked out the salient points for advisers on transfers and guidance...

The government first announced its intention to cap pension early exit charges with a consultation in July last year. 

The consultation, Pension transfers and early exit charges, closed in October and the government's response has recently been published.

Data was gathered from providers of contract and trust-based schemes, in addition to a consumer facing survey.

The majority of the issues covered relate to pension schemes and pension scheme providers; however there are aspects of the response that I believe will be of interest to advisers, in particular, those pertaining to pension transfers, advice and guidance.

 

Read the full article.


The latest from SimplyBiz

17 April 2024

Working Lunch: Operating as a directly authorised business

Read more >

16 April 2024

Congratulations to FIBA UK, part of SimplyBiz, which has welcomed SWIG Finance to its lender panel!

Read more >

12 April 2024

SimplyBiz Consumer Duty event hits over 1,500 bookings!

Read more >

11 April 2024

Legal & General Investment Management (LGIM) named as latest addition to SimplyBiz's Risk Controlled Solutions range

Read more >