SIPP adviser shuts after surge in CMC-linked complaints

Pension adviser Portal Financial Services LLP has shut its doors to new business following a string of complaints to the Financial Ombudsman Service, many brought recently by Claims Management Companies.

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DB transfer values rebound in March

 

DB pension transfer values recovered in March after dipping in February, according to the monthly XPS Transfer Watch.

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100,000 pension transfers may need ‘top up’ 

Pension consultant Willis Towers Watson has warned that pension schemes could be forced to top up 100,000 historic pension transfer payments following a High Court ruling.

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Only 21% of BSPS transfer advice ‘suitable’ - FCA

The FCA says that 47% of the DB pension transfer advice given to members of the British Steel Pension Scheme was ’unsuitable’ with only 21% ’suitable.’

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