DB transfer compensation rises for first time in two years
Defined benefit (DB) transfer compensation has risen for the first time in two years, research from OAC has found.
Source: professionalpensions.com
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DB transfer values hit lowest month-end figure in seven years
The value of typical defined benefit (DB) pension transfers dropped by nearly 7% in May to £159,000, latest XPS Pensions Group’s Transfer Watch analysis reveals.
Source: professionalpensions.com
LCP: Increase freedom and choice for DB members
Lane Clark & Peacock (LCP) has called on the government to consider amendments to the pension freedoms rules to provide defined benefit (DB) members with a greater level of freedom and choice when accessing their benefits.
Source: professionalpensions.com
DWP called to clarify DB pension transfer 'amber flag' triggers
A majority of pension transfers which raised an 'amber flag' warnings are as a result of an unknown reason or for transfers pertaining to overseas investments, according to data released by the Money and Pensions Service (Maps).
Source: professionaladviser.com
Transfer reg rise leading to capacity crunch for trustees
Ele Lovering and Helen Tabiner say the deluge of work must not lessen trustee focus on transfer-out checks
Source: professionalpensions.com