PFS warns that soaring PI costs are hurting advisers

The Personal Finance Society warned today that it has evidence of financial advisers struggling to obtain professional indemnity insurance - and being unable to advise on defined benefit pension transfers - due to big increases in the Financial Ombudsman Service compensation limit.

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600 firms back Gold Standard for DB transfers

More than 600 firms have signed up in the first six weeks to support the PFS’s new Pension Transfer Gold Standard designed to improve best practice in Defined Benefit transfers.

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Advisers back DB ‘Gold Standard’, says PFS

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. 

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New DB transfer ‘Gold Standard’ on the way

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

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