70% of pension firms will accept transfers from insistent clients

September 2015
Money Marketing;9/24/2015, Issue 1502, p24
The article discusses a survey conducted by the Great Britain Financial conduct Authority (FCA) which reveals that 61 percent of 107 pension providers would accept transfers from insistent clients in certain circumstances. It mentions two reasons given by the FCA on why firms are refusing transfers including a transfer was concerned with a defined benefit pension and transfers were not facilitated by an adviser.


Related Articles

  • FCA triples estimate of pension transfer specialists needed. Norman, Tessa // Money Marketing (Online Edition);6/8/2015, p1 

    The article focuses on the move of Great Britain's Financial Conduct Authority (FCA) to change its estimates for several financial advisers who will need the pension transfer specialist qualification in dealing with the demand for transfers out of defined benefit schemes. Following the Budget...

  • Advisers back warning of box-ticking approach to DB pension transfers. CASH, JUSTIN // Money Marketing;12/8/2016, p14 

    The article reports on the financial advisors supporting the concerns raised by former Great Britain. Financial Conduct Authority (FCA) technical specialist Rory Percival of firms putting sheen of suitability on defined benefit (DB) pension transfers. It states that Percival was worried that...

  • FCA must act on insistent clients. LEESON, RICHARD // Retirement Strategy;4/23/2015, p10 

    The author addresses the need for the Financial Conduct Authority to manage clients who make insistent transfer requests on their pensions. Topics discussed include rising demand from British pensioners to switch from a defined benefit scheme to a defined contribution scheme in relation to...

  • FCA holds talks over insistent clients. Norman, Tessa // Money Marketing;5/14/2015, Issue 1485, p12 

    The article reports on the discussions conducted by Great Britain's Financial Conduct Authority (FCA) with industry representatives and lawyers on its approach to insistent clients who are required to take advice before transferring their defined benefit scheme for a designed contribution plan.

  • FCA gives green light to platform bulk transfers. Macdonald, Sam // Fundweb;10/23/2013, p6 

    The article reports that the Financial Conduct Authority (FCA) in Great Britain has released requirements for platforms which mandate the need to inform clients prior to any share class conversion in 2013.

  • The payments platforms can still take from fund managers and brokers. Macdonald, Sam // Fundweb;5/30/2014, p5 

    The article focuses on platforms rules issued by the Great Britain Financial Conduct Authority in April 2014 to ensure platforms are remunerated by clients rather than through any form of commission by fund managers. It states that the platform include payments for marketing and the provision of...

  • Overlay Strategy Keeps DB Investments on Target. Moore, Rebecca // Plan Advisor News;2014, p55 

    The article discusses the impact of market movements and cash flows contributions and distributions into the designing of asset-allocation strategies for defined-benefit (DB) plan in the U.S. It highlights the benefits of an overlay strategy including idle cash security, portfolio transition...

  • Fee reform could reduce costs for ARs going direct. Norman, Tessa // Mortgage Strategy (Online Edition);7/2/2014, p1 

    The article reports on consultation offered by Great Britain Financial Conduct Authority on the way it calculates authorization fee which may result in reduced cost for appointed representatives who are seeking direct authorization from FCA, as of 2014.

  • FCA sets sights on non-standard investment advice. Brodbeck, Sam // Money Marketing (Online Edition);10/30/2015, p10 

    The article reports that the British Financial Conduct Authority (FCA) is gathering information from providers of self-invested personal pension (SIPP) to identify the financial advisors who are placing clients in non-standard investments.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics