Posts tagged FCA
‘Suitable’ pension transfer advice may be becoming harder to come by
‘Suitable’ pension transfer advice may be becoming harder to come by

The Financial Conduct Authority (FCA) has recently released findings on the quality of pension transfer advice given by specialist advisory firms. These findings show that less than half of the advice given to clients regarding their defined benefit pension scheme was deemed ‘suitable’, based on new rules set by the FCA regarding pension transfers.

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FCA, Financial Times, Overseas Pension Transfer, Superannuation, Pension Transfer AdviceEmilie GallaugherRanfurly Strategic LimitedOverseas Pension Transfer, Transfer Advice, Defined benefit pension scheme, FCA, financial news, UK Pension Transfer to NZComment
New Changes to UK Pension Rules
New Changes to UK Pension Rules

A recent report by the UK Financial Conduct Authority (FCA) found that 47% of advice on defined benefit  to defined contribution pension schemes was 'unsuitable’. Following this, the FCA has introduced new rules and guidelines for pension transfer specialists and consultants.

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FCA, UK Defined Benefit Scheme, Superannuation, Brexit, Overseas Pension TransferEmilie GallaugherFCA, Overseas Pension Transfer, Superannuation, Defined benefit pension scheme, Pension Scheme, Retirement, Brexit, QROPS NZ, RanfurlyComment
Changes In Pension Transfer Advice Prompts Those Wanting Transfers To Act Now.
Changes In Pension Transfer Advice Prompts Those Wanting Transfers To Act Now.

With the recent confirmation by a number of UK advisory firms that they will not be giving advice to clients looking to transfer out if their pension schemes, it is recommended that those considering transferring out of their UK defined pension scheme do so sooner rather than later.

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Overseas Pension Transfer, Superannuation, UK Defined Benefit SchemeEmilie GallaugherRanfurly Strategic LimitedOverseas Pension Transfer, Retirement, Defined benefit pension scheme, Updates, UK, FCAComment