by Stuart Fowler | Jun 22, 2022 | DB Pension Transfers
We received the following information (30th May) in response to my FOI request concerning the FCA’s processes for DB-transfer file assessment and the extent of its reliance on a single third party, Grant Thornton. The relevance of the questions to the proposed...
by Stuart Fowler | May 20, 2022 | DB Pension Transfers
I have covered in three recent articles the work we have done in addressing the FCA’s proposals to introduce a redress scheme affecting everyone who advised any member of the closed BSPS Defined Benefit pension scheme to transfer out to a personal pension...
by Stuart Fowler | Mar 31, 2022 | DB Pension Transfers
Since I had written extensively about the feasibility of a redress scheme to cover advice to members of the British Steel Pension Scheme (BSPS), I want to comment briefly (even if too quickly) on the consultation paper published today by the FCA. I had set out in my...
by Stuart Fowler | Mar 31, 2022 | Politics, Savings and Investments
Russia’s war has surely changed many things, even before it is over. One is counter intuitive: it has made the powerless feel some sense of power, through collective action. I am talking not about governments but ordinary people. It turns out we hold the keys to...
by Stuart Fowler | Feb 21, 2022 | DB Pension Transfers
I wrote here that the entire basis of the FCA’s assessment of the suitability of transfers from a DB or final-salary scheme to personal pension in readiness for drawdown was so flawed on first principles as to make any s404 consumer redress scheme that relied on...
