‘Don’t ban contingent charging’, says expert
- Tuesday, 15 May 2018
- Articles
A call by Aviva’s chief executive Andy Briggs to ban contingent charging has been criticised as “too heavy handed” by an expert.
Read more...Claire Trott: The dangers of default decumulation processes
- Wednesday, 25 April 2018
- Comment
In the final report of its inquiry into pension freedom and choice, the Work and Pensions Committee calls for a simple package of measures to create better informed, more engaged pensions savers – and offer a default decumulation pathway to protect the less engaged.
Read more...Claire Trott: Why contingent charging can be right for some
- Wednesday, 28 March 2018
- Comment
There isn’t anything wrong with a defined benefit transfer for the right person at the right time for the right reasons, but it is a complex decision. So rightly, I believe, there is the advice requirement but this can cause issues for those that can’t afford to pay for advice.
Read more...FCA may ban contingent charging on DB transfers
- Monday, 26 March 2018
- Articles
The Financial Conduct Authority has today proposed a ban on contingent charging on pension transfers and reaffirmed its view that DB transfers should be considered unsuitable unless there is a good reason to transfer.
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