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Why 'polluter pays' could be final straw for DB transfer advice

The regulator's 'polluter pay' reforms mean the industry now appears to be at a tipping point when it comes to DB transfer advice, writes Brian Nimmo ....

Financial Conduct Authority , Consumer Duty , Defined Benefit , Polluter Pays , Defined Contribution , Brian Nimmo , Db Transfers ,

DB transfer take-up levels hit 'all time low', LCP finds

Average transfer take-up rates have hit an “all time low” while transfer values have hit their second lowest level since Q2 2015, analysis by Lane Clark & Peacock (LCP) has found. ....

Ravneet Gill , Ravneet Gill , Db Transfers ,

Compensation falling for ill-advised DB transfers thanks to high gilt yields

Clients who were ill-advised to transfer out of their defined benefit (DB) pension scheme are now due “significantly less compensation” compared to what they could have received at the start of last year, OAC says. ....

United Kingdom , Brian Nimmo , Great British Retirement , Interactive Investor , Great British Retirement Survey , Brian Nimmo , Db Transfers ,

'Slump' clear in DB pension transfer market as values plummet

A drop in defined benefit (DB) transfer values and a “dramatic” fall in advisers has caused members who may have benefitted from a pension transfer to lose out, according to Lane Clark & Peacock (LCP). ....

Clive Harrison , Db Transfers ,