More than 200 advice firms signed up during the first couple of days to the new Gold Standard for best practice in relation to and consumer guide for Defined Benefit transfers advice, the PFS has revealed. 

Smaller DB pension schemes, comprising those less than £1bn, may be unprepared for the diversified investment strategies needed to manage risk and should look to consolidate, according to a leading economist.

The Pensions Advice Taskforce is to launch a new consumer guide for DB pension transfers.

New figures have revealed a continued decline in pension transfer volumes across the market.