Pension providers issue stark DB transfer warning to members

Hannah Godfrey
clock • 2 min read

UK regulators and providers this morning issued a stark warning to pension scheme members looking to transfer from a defined benefit (DB) to a defined contribution (DC) pension during the covid-19 crisis, saying the move is unlikely to be in their long-term interests.  Under guidance published by The Pensions Regulator (TPR) this morning, pension scheme trustees have been asked to send DB members looking to move retirement funds a letter warning them of the risks of doing so during the pan...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Pensions

First class regulatory innovation

First class regulatory innovation

Christina Rolle
clock 03 October 2022 • 10 min read
Credit Suisse CEO Ulrich Koerner said: "I trust that you are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank.”

Bank of England and Swiss Finma monitoring Credit Suisse as market concern rises - reports

Speculation driven by statement

James Baxter-Derrington
clock 03 October 2022 • 1 min read
David Rae: Liquidity remains more than sufficient to meet the collateral requirements of liability hedges

Fears over 'fire sale' of assets are overstated despite UK rates challenge

Jonathan Stapleton
clock 30 September 2022 • 3 min read