Pensions - Articles - Aegon comment on ACA Pension Trends Survey


Steven Cameron, Pensions Director at Aegon comments on the interim report from ACA’s Pension Trends Survey

 “The ACA report is a stark reminder that demand for advice on defined benefit transfers continues to significantly outstrip supply, meaning the market is not working effectively for the benefit of customers. With the potential for gilt yields to rise and transfer values to fall, it’s vital that this is addressed urgently so individuals can get the advice they need to consider this important decision.

 “The FCA recently consulted on an updated approach to DB transfer advice, reflecting current market conditions and the pension freedoms. We hope the FCA will now move quickly to publish new guidelines, updating and clarifying its expectations so that many more advisers can offer advice with confidence on ‘best practice’.

 “This may also pave the way for standardisation of the information advisers seek from trustees to allow them to advise.”
  

 ACA Pension Trends Survey

Back to Index


Similar News to this Story

Covenant is crucial to any pension schemes risk management
Emily Goodridge, Managing Director, Cardano, a business of Marsh McLennan, said: “Covenant is a crucial element of any pension scheme’s risk managemen
TPR publish first AFS under the new DB funding code
TPR’s first AFS published under the new DB funding code sets expectations for focus on endgame planning. The Pensions Regulator (TPR) expects most sch
Comments on The Pensions Regulators annual funding statement
Initial Comments on The Pensions Regulators Annual Funding statement from Standard Life, PMI, ACA, Broadstone and XPS Group

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.