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Quilter urges DWP to resolve pension transfer headache

Financial Planner and wealth manager Quilter has urged the DWP to take urgent action to resolve pension transfer issues a year after the department’s review of regulations.

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DB transfers fall to record low

The rate at which pension savers were transferring out of their defined benefit pensions hit a new record low in April 2024, with only 14 members in every 1,000 transferring.

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Macclesfield adviser defaults over pension transfer claim

The Financial Services Compensation scheme has declared Macclesfield-based financial adviser Chestergate Financial Services Ltd (FRN: 459990) in default.

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Pension transfer volumes drop by 50%

The latest XPS Pension Transfer Watch report has highlighted that pension transfer volumes were 50% lower in March than a year earlier.

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