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DB transfers reach 100,000 a year

Around 100,000 people transferred out of their defined benefit pension between 1 April 2017 and 31 March 2018, according to data from The Pensions Regulator. A Freedom of Information Act request published on TPR’s website says DB schemes have reported around 72,700 transfers out during that period. The total value of those transfers was £14.3bn. […]

Berkeley Burke judicial review set for autumn hearing

A judicial review into a Financial Ombudsman Service determination that will have wide implications for Sipp providers is due to be heard in London this autumn, Money Marketing can reveal. The case concerns a longstanding dispute between Berkeley Burke Sipp Administration and the FOS. In 2014, the FOS ruled against Berkeley Burke for failing to […]

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