A survey of 1,049 Personal Finance Society members in February has revealed why many no longer offer defined benefit pension transfer advice and why those who do have had to increase the fee they charge clients. Eight out of 10 of the financial advisers who do not currently offer defined benefit pension transfer advice stated they used to be able to assist clients considering their pension freedom needs and objectives to meet governments mandated requirement for advice regarding final salary pensions greater than £30,000. When asked why they no longer offered advice on defined benefit...
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