The UK regulator, the UK Financial Conduct Authority (FCA) in 2016 made it compulsory if you are transferring a Defined Benefit (DB) scheme and it has a transfer value over £30,000 to obtain advice from a FCA regulated adviser prior to transfer. In order to give this...
In 2016, the UK Financial Conduct Authority (FCA) made it compulsory for anyone wanting to transfer out of a Final Salary, or Defined Benefit (DB) Scheme, that had a transfer value of over £30,000 to obtain FCA advice prior to transferring from a UK registered...
“Final Salary” schemes – also referred to as “Defined Benefit” schemes – are a hot topic of debate in the UK. People are questioning whether to stay in these schemes, or cash out of them based on the incentives being offered to exit them. For the financial...
It has been estimated that there is around £103 billion over 3,700 UK pension schemes in deficit compared with 1,800 in surplus. There are close to 11 million Brits holding defined benefit pensions. Out of that number it is estimated that 3 million will encounter...
