Transfers slump as contingent charge ban bites
- Monday, 12 July 2021
- Articles
The ban on contingent charging and the pandemic have resulted in a major slump in pension transfers, according to new research.
Read more...Pension freedoms cost savers £2bn in lost returns
- Thursday, 08 July 2021
- Articles
Savers cashing out their pension pots to take advantage of pension freedoms since 2015 are set to lose £2bn as a result, according to new research.
Read more...68% of contingent charge DB transfers went ahead
- Monday, 28 June 2021
- Articles
Nearly 70% of DB transfers went ahead when contingent charging was used compared to less than 28% when non-contingent charging was applied, according to a Freedom of Information request.
Read more...Contingent charge ban slashes DB transfers
- Monday, 14 June 2021
- Articles
The number of DB transfer requests has fallen dramatically since the FCA introduced a ban on contingent charging last year, according to analysis from actuarial firm LCP.
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