Defined benefit (DB) transfer values increased by nearly 4% during May and the number of members taking a transfer value rose slightly from the record low observed in April.
The Personal Finance Society is to work with schools to give pupils the opportunity to pick the brains of financial advisers online.
Pension consultancy Barnett Waddingham has warned that there are likely to be too few advisers to meet demand from the 120,000 pension savers a year it predicts will need DB transfer advice.
Expanding national Financial Planning firm Independent Wealth Planners (IWP) has acquired London Financial Planner Clairville York Financial Advisers, the company’s eighth ‘hub.’
The percentage of Nest’s 9m pension savers opting out of auto enrolment has increased from 6% to 9% following the second increase in minimum auto enrolment contributions.
A record 1m more people will reach the Pension Freedom age of 55 his year and this ‘peak’ will last for several years, according to new analysis.
The Financial Services Consumer Panel - which advisers the FCA on consumer interests - has appointed two new members.
Fintech firm Wealth Wizards, which combines Chartered Financial Planning and robo advice, has launched an automated ‘algorithmic’ abridged advice service for DB transfers.
Financial adviser Frenkel Topping has launched a joint venture with personal injury specialists Express Solicitors.
The FCA has launched a probe into DB transfer advice given by advisers at Lighthouse Group - now part of Quilter.