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Pension transfers soar 22% in 2023 to 1.2m

The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.

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FCA places restrictions on BSPS adviser

The Financial Conduct Authority (FCA) has imposed restrictions on KBFS Financial Limited following concerns over its failure to pay redress to former members of the British Steel Pension Scheme.

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DB pension transfer values fall by a third

DB transfer values have fallen by a third since June 2018, according to the latest data from XPS’s Transfer Value Index.

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FCA bans 2 advisers over £42.3m pension transfer advice

The Financial Conduct Authority has banned Darren Reynolds and Andrew Deeney of Active Wealth Limited for dishonest pension transfer advice.

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