pension transfers

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Should there be a single regulator for workplace pensions?

Yes

60%

40%

Total votes: 10

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Pension fraud: don't let your pension become prey

A hard-hitting information campaign for consumers and pensions professionals has been launched as part of a crackdown on predators claiming to be able to release pensions cash as a loan or lump sum before the law allows. The perpetrators often work alongside ‘introducers’ or ‘...

FSA outlines pension transfer rule changes

The Financial Services Authority (FSA) today published a consultation paper outlining proposals to change the way pension transfer analysis is carried out. The FSA estimates that this will prevent an under-valuation of benefits of up to £20bn. The proposed changes will clarify and update the...

Pru predicts boost for pension transfers

The Prudential is predicting a big boost for pension transfers, forecasting that transferring out of occupational schemes will be one of the trends of 2012. Stan Russell, business development manager at the Pru says: "Protected Rights will become ordinary scheme benefits from April 2012, and...

Thousands enticed by cash to ditch final salary schemes

Over 90,000 defined benefit (DB) scheme members have been offered enhanced transfer values (ETVs) to leave their DB schemes in past three years, with a further 70,000 expected this year, according to a new KPMG survey. On average, around one in four members typically accept the offer, with...

BEGINNERS' PAGE Over the sea…

Doug Gardner, Xafinity Paymaster, on pension transfers to overseas schemes

Broadly speaking, a UK pension scheme has a legal obligation to transfer a member’s benefits. The benefits can be transferred either to another UK pension scheme or to an overseas pension arrangement. Simple, right? Anyone new to the world of UK pensions will soon learn that the tax rules...