Cashing in part-pension

dunstonh

But people are sometimes stupid, and perhaps greedy. But as far as I know, all DB pension transfers must now be signed off by a registered IFA who presumably would not do so or would be held (or their insurance would be) liable of the money was put into an unregulated environment.

It is actually the receiving scheme that insists on that because the FCA position is that a defined benefit transfer is mis-sold unless proven otherwise. It is not the transferring scheme that insists on it.

Now, if the receiving scheme is a scam, they don't give two hoots about FCA regulation as they are not FCA regulated.

atush

OP,

I hope you have made the calls necessary. Do let us know how you get on.