The FCA should ban contingent fees on DB transfers and establish an easy-to-use online register of advice firms, MPs have demanded.

Former pensions minister Baroness Ros Altmann says a PLSA call for smaller DB pension schemes to be merged into ‘superfunds’ to cut costs and improve returns is a “win-win” for employers and the schemes.

New figures released today showed that defined benefit pension schemes transfer values increased last month.

A pensions business is immediately halting advice on DB pensions transfers, following discussions with the regulator.