We are currently in a period where defined benefit schemes are being transferred in record numbers. Low long term gilt yields are fueling an unprecedented demand to forego the safeguarded benefits within such schemes for more flexible access to a pension pot. Just last week, one of the largest pension administrators, JLT Employee Benefits, said…

The FCA is considering the revision of the calculation of redress an entity has to pay in case of unsuitable advice given to a client regarding joining a private pension scheme. According to the officials at the Financial Conduct Authority (FCA), the current methodology that is used to calculate the redress does not provide the…

There have been mumblings of a total ban on private sector defined benefit pension transfers in the last few days. The calls come amidst a marketed increase in requests from people to move their cash out of occupational defined benefit schemes since the pension reforms. The government put a ban on unfunded public sector schemes…

Those with final salary of defined benefit pension plans, who were looking to transfer their benefits may be in luck. The vote to leave the EU has, as experts predicted, had some negative economical effects. One of which resulted in gilt yields falling to historic lows. Why is this important? Well, gilt yields are largly…