Consumers to lose £1.2bn due to bad pension transfers
- Wednesday, 24 July 2024
- Articles
![Many pension savers lose out when they transfer to a higher charging scheme](/media/k2/items/cache/3ff335484387e85f4a37dd542336fab2_Generic.jpg)
Pension savers are losing £1.2bn each year by unwittingly transferring their pensions to higher charging providers, a new study warns.
Read more...FSCS declares pension transfer adviser firm as failed
- Friday, 28 June 2024
- Articles
![FSCS website](/media/k2/items/cache/272e2b773a5b8150a49ee66a26189a3d_Generic.jpg)
The FSCS has declared Glasgow-based financial adviser firm MacInnes & Bottomley (FRN 121661) in default after a first claim was upheld.
Read more...DB pension transfer activity reverses decline
- Wednesday, 26 June 2024
- Articles
![XPS Transfer Activity Index for May 2024. Source: XPS Pensions Group](/media/k2/items/cache/ef007f82051a44e97fae66cff3f077b8_Generic.jpg)
DB pension transfer activity increased ‘marginally’ in May - reversing a downward trend - with transfer values remaining stable, according to the latest XPS Pensions monthly transfer report.
Read more...Pension transfer times fall as volumes increase
- Tuesday, 25 June 2024
- Articles
![Origo website](/media/k2/items/cache/ab224c79e3a830c7f49ac37fc054485a_Generic.jpg)
Despite pension transfer volumes rising, transfer times have been decreasing, according to new data published by fintech Origo.
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