The Pension Schemes Act 2015 introduced the concept of safeguarded benefits from 6 April 2015. It also placed a requirement on some individuals to take financial advice before they can give up safeguarded benefits. We take a look at what safeguarded benefits are and when an individual needs to take advice to give them up.
What are the rules regarding transfers to overseas pension schemes?
We look at transfers in drawdown in the latest in our series of top five FAQs on pensions technical topics.
Advisers are receiving an increasing number of requests from clients looking to transfer their pension from defined benefit schemes to personal pensions. In this article we look at the 3 main topics we get questions on.
The FCA Defined Benefit Advice Assessment Tool can help adviser firms understand how the FCA assess the suitability of Defined Benefit (DB) pension transfer advice.
We have a number of online resources on pension transfers in our Pensions & Investment CPD hub
Protecting tax-free cash on transfer is, and always has been, one of the most popular queries we receive. More specifically, what happens if an individual who is entitled to tax-free cash of more than 25% is transferring to another plan?
In specie transfers involve a transfer of assets between two pension schemes, and usually involve shares, property and/or funds.