Nearly half of financial advisers who currently offer pension transfers may quit the market in the next 12 months, new research has warned.

Former pensions minister Steve Webb has warned that pension schemes and providers could face a multi-million pound extra compliance bill if individual retirement income forecast are included in Pension Dashboards.

The industry is split on its response to the FCA’s ban announced today on most contingent charging on DB pension transfer advice.

Former Pensions Minister Steve Webb has urged the Treasury to scrap or relax rules which will limit people’s ability to ‘rebuild’ their pensions when the Coronavirus crisis ends.