Average pension transfer compensation slumps to £12,000

New data from actuarial consultancy OAC suggests that pension savers submitting a complaint about pension transfer advice would now receive just £12,000 in compensation, about half the amount they would have received at the beginning of the year and well below the levels of two years ago.

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FSCS declares 5 firms as failed or under investigation

Redditch-based Go IFA Ltd has become the fifth advice firm this week to be declared as failed or under investigation by the FSCS.

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FSCS opens probe into Dorset firms over BSPS advice

The Financial Services Compensation Scheme has launched an investigation into a duo of connected Dorset financial adviser firms following advice given to members of the British Steel Pension Scheme.

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Number of DB transfers falls to lowest level in 6 years

Pension transfer activity fell to its lowest level in over six years in February, according to the latest data from pensions consultancy XPS.

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