Grove Pension Solutions IFA Newsletter November 2023 Fees Following the implementation of our new fee structure (detailed in the IFA Newsletter September 2023), we can confirm that we now have a maximum fee ‘cap’. In short, our maximum fee for DB transfer advice is...
The FT Adviser have recently published this article written by our CEO Dash Ormond. Why are so many firms abandoning the defined benefit transfer market, LEBC being the most recent? To understand, you need to go back to when it all started. In 2015, then-chancellor...
The FT Adviser have recently published this article written by our own Managing Director Tim Flippance. Following the release of a recent survey by Aegon, it has become increasingly clear that more and more IFAs are rejecting the defined benefit transfer market to...
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...
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...
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...
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