Changes to the pension transfer advice market
The Financial Conduct Authority (FCA) recently announced a package of measures aimed at improving advice and the transparency of fees for individuals considering taking a transfer from a defined benefit pension scheme (for example, to a personal pension or income drawdown product). The changes came into effect in October 2020 and affect how financial advisers […]
Covid-19: beware of scammers
Scammers are taking advantage of the pandemic to target pension scheme members. They increase their activity at times of financial stress. If you are called out of the blue by an individual or company promising to move your savings to a ‘safe haven’, please hang up. Cold calling in this way is illegal. Pension […]
