Stick or twist RSS icon

Written by Rory Gravatt on 05 September 2018

As seen in the September 2018 issue of Pensions Age

An unprecedented number of people moved out of defined benefit schemes last year due to freedom and choice reforms and low gilt yields, which brought about record transfer values. But this isn’t necessarily something to be celebrated. We saw, in the case of British Steel, members duped into transferring out of their pension scheme and into scammers’ pockets. That fiasco, according to Altus consultant Rory Gravatt, has made bulk member option exercises challenging. Nevertheless, moving out of a DB scheme will always remain the right thing to do for certain people.

Enjoy this article?

Why not share it...

Company News

  • Improving treatment of vulnerable customers
    Written by Sam Turner on 14 March 2019

    The financial services industry is lagging when it comes to identifying and servicing vulnerable customers, putting them at risk of both regulatory and reputational damage. While some businesses seem to be making progress – writing vulnerable customer policies, training staff and adopting front-line techniques – there is still a lot to be done.

  • Altus Consulting joins Insurtech UK as consultancy partner
    Written by Mark Andrews on 12 March 2019

    Altus Consulting, a leading financial services consultancy, has officially become a partner of Insurtech UK, joining the first wave of associate members and partnership sign-ups of 2019. With the aim of becoming the definitive voice of the InsurTech community in the UK, the alliance has welcomed over 40 InsurTech start-ups since its launch in November 2018.