Pension Transfers – oh dear

It is difficult for me to know how to respond to the FCA’s consultation on doing a drains up review of all advice given to transfer from the British Steel Pension Scheme. If an IFA asks my advice about pension transfers from defined benefit schemes, I almost invariably tell them to give up their permission […]

Pension misselling scams- when will they ever end? – Page, Henderson, Freer and Ward X 2

The 308 pages of the Upper Tribunal’s decision in the ghastly references brought by Andrew Page, Aiden Henderson, William Freer, Thomas Ward and Robert Ward hammer home a terrifying message. Sending people to consult an independent financial adviser is not necessarily the right thing to do. These individuals basically diverted huge numbers of people’s pensions […]