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“No, I don&#39t think it&#39s right, quite frankly.”

Mike Higgs,Verulam Investments & Pensions

“Yes they should have the power. It is basically a market value adjuster and protects those in the scheme. It is only something they will do in difficult times.”

Byron Longstaff, Byron Longstaff Independent Financial Consultancy

“No. People should be able to get their hands on their own money when they want to. Trustees were already able to delay payments by three months – this is too much.”

Tom Clyde, RS Robertson & Co (Pensions & Investments)

“No, Opra should be allowed to prevent people from using their freedom to opt out of their scheme. This is going to create yet another grey area for advisers, who will be unsure what to tell clients.”

Steve Grove, Affinity Independent financial Advisers

“Absolutely not. Deferred members have a right to transfer. It is effectively applying a market value adjuster.”

Carl Melvin, Pension Transfer Solutions

“No. It seems unfair if you have funds that you can&#39t get your hands on.”

David Bradley, The Money Shop (Truro)

“No. If people want to transfer, then they should be allowed. It is a matter of freedom of choice.”

Richard Pepper, The Kenneth Alan Partnership

“It is certainly a good idea to stop people doing it. Generally, if they are sold the idea, then it is for the wrong reasons.”

Fabian JA Finlay, FCA

Yes 25%

No 75%


&#3916-24 year-olds too relaxed about debt&#39

The Mortgage Lender is warning 16 to 24 year olds have a worryingly relaxed outlook on debt and think nothing of running up debts of £3,130. Research by the specialist lender of 2,000 people last month shows this figure is over double the amount people older than 55 think is an acceptable amount of debt, […]

GMAC-RFC outsources to HLM

GMAC-RFC is cutting up to 130 jobs among its 700 employees in the UK as a result of a deal to outsource post-completion activities to third-party servicing company, Home Loan Management. It says some of those facing redundancy will be able to take up new posts at HML. GMAC-RFC says this partnership with HML will […]

Bear market prompts caution by women but men still favour equities

Women are reacting more cautiously to the continuing bear market and are more likely to choose bond funds than men, according to research conducted on behalf of Fidelity Investments.The company says 25 per cent of females plan to invest solely in bond funds this Isa season while men are much less risk-averse, with only 7 […]

Opra reappoints Edmans and Beaver to its board

The Occupational Pensions Regulatory Authority has reappointed Aegon director of corporate development Laurie Edmans and Mercer actuary Wendy Beaver to its board. In addition to the appointments by secretary of state for work and pensions Andrew Smith, Joanne Segars, Hugh Brown and Mike Jones have had their board positions extended by six months. The Government […]

Treasury looks to address advice gap

By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]


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