The FCA have today published a number of pension related proposals designed to improve the quality of pension transfer advice. This includes a proposed ban on contingent charging for pension transfer advice. Simon Taylor welcomes the proposal and supports the increase in transparency of charges.
The BHS2 pension scheme has concluded a buyout with Pensions Insurance Corporate (PIC) covering £800 million of liabilities and all of the approximately 9,000 members.
Barnett Waddingham has successfully transferred the administration for five sections of the Industry-Wide schemes to the Pension Protection Fund (PPF) - the largest transfer to the PPF since it brought its member services in-house.
A raffle held at the Barnett Waddingham staff Christmas party has helped to raise additional financial support for Crisis at Christmas – the charity that aims to end homelessness and help change people’s lives for the better.