by Grove Pension Solutions | Jul 6, 2020 | Pension News, Pension Transfer, Pension Transfer Bureau
Over the past few months there has been a lot of noise in the press about defined benefit pension transfer advice. The FCA are concerned that consumers are receiving bad advice from advisers when it comes to making decisions on transfers out of their defined benefit...
by Grove Pension Solutions | Jul 6, 2020 | Pension News, Pension Scams, Pension Transfer Bureau
There are increasing calls for the work and pensions select committee to launch an inquiry into pension scams. The introduction of Pension Freedom in 2015 has seen a huge increase in consumers falling victims of pension transfer scams, with many losing their entire...
by Grove Pension Solutions | Jul 3, 2020 | Pension News, Pension Transfer, Pension Transfer Bureau
The FCA has announced a ban of Contingency Charging for Defined Benefit Pension Transfer, which will come into force on 1st October 2020. This long awaited announcement follows on from the FCA’s CP19/25 consultation launched in July 2019. It comes as no surprise for...
by Grove Pension Solutions | Jan 27, 2020 | Pension News, Pension Scams, Pension Transfer, Pension Transfer Bureau
The Pension Scheme Bill 2019/20 is set for its second reading in the House of Lords and is nearing Royal Accent. The new defined benefit pension transfer rules in the Pension Bill have been introduced to protect consumers from being scammed out of their pension pots....
by Grove Pension Solutions | Jan 24, 2020 | Pension News, Pension Transfer, Pension Transfer Bureau
Debbie Gupta, the Director of Life Insurance and Financial Advice Supervision at the FCA wrote a “Dear CEO” letter to every defined benefit pension transfer adviser this week. The letter outlined the FCA’s concerns of the “increasing number of...
by Grove Pension Solutions | May 3, 2018 | Pension Transfer Bureau
O&M have just announced they are closing their DB transfer advice bureau (2nd May 2018), which is a service they provide for introducing IFA’s, according to a report in FT Adviser. O&M Pension Advice is a trading name of Independent Pension Analysis Ltd. The...
