Exclusive: Opponents hope it could delay a project that is supposed to herald a new generation of British nuclear power plants
Outlook Are you one of the rapidly diminishing band of people with a “defined benefit” (DB) company pension that guarantees you a percentage of your final salary when you retire? Fancy transferring out of it so you can take advantage of the Chancellor’s pension freedom reforms and take a big lump of cash instead? Well you’re out of luck. The Financial Conduct Authority, fearing a mass of “irrational transfers” out of DB schemes, has decided that it will let you take such a step only if you receive regulated financial advice.
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