Spike in SJP clients’ interest in DB transfers

St James’s Place says there is increasing interest in DB transfers among its clients but it remains ‘cautious’ in its approach.

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DB transfers: Advisers report big insistent client rise

More than two out of five of advisers (44 per cent) have seen a rise in the past year in the number of insistent clients wanting to push ahead with defined benefit pension transfers despite recommendations against.

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Nearly 100 firms examined by FCA in DB transfer review

Nearly 100 companies have been examined by the FCA as part of its DB transfer advice investigations.

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FCA fines compliance officer over 500 DB transfers

The FCA has fined a compliance oversight officer for pension transfer failings after about 500 customers with pensions worth £12.7million were advised to move from a DB to DC scheme.

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