03/27/2020

FCA delays DB transfer rules update by up to 6 months

The FCA had proposed a carve out from the ban for those in significant financial hardship, but in the current climate it would have been even harder to objectively assess whether an individual met that definition.

03/27/2020

Pension income falls as DB retreat bites

The fall in income from private pensions will have been contributed to by the decline of generous defined benefit pensions, and the rise of defined contribution pensions.