The great British pensions cash-in – PR&W warns of potential dangers of pension transfers in FT

 October 26, 2017

“..But David Penney, chartered financial planner with Penney Ruddy & Winter, says it would be “dangerous” for advisers to be making recommendations for people to transfer their final salary pension based solely on the risk of their employer becoming insolvent. “There is a real risk that transfers are being made based on scaremongering, and that the members will ultimately have given up a secure income due to fears that never materialise,” he says. “

Quoted in Financial Times, The Big Read – The great British pensions cash-in by by Josephine Cumbo in London – page 9, print edition 26.10.2017