transfer out of DB scheme

atush

I think they wont unless we force them to (ie pull on those oars).

I was offered PPI and other such things for several decades after moving to the UK. They always seemed such very poor value. Even before I knew of all the ways the companies would claim the customers were not covered.

I never took it up, so never got the gain from complaining. But plenty have complained and been upheld even when they should not have been (according to the press and professional bodies_

I think it will be more of the same going forwards.

But I actually look forward to your version of events being the case in the end.

OldBeanz

I shudder to think what is going to happen to the Lamborghini generation of DC pensioners. Hardly a week goes past without some old person buying a new roof or "winning" a lottery and being fleeced out of their savings. With a pension lump sum in everyone pensioner's house, I will give it less than 10 years before some sort of protection is brought in to stop pensions being stolen. Undoubtedly there will be a scramble of people desperate to get their hands on the their DB pension who will be "mugged" as well.

gadgetmind

Protecting people from fraud is one thing, but denying them financial flexibility is something entirely different. Let's not confuse the two.

atush

I still say the regulators are upholding misselling cases under the terms you have mentioned where there has been no misselling, just misunderstanding/willfull idiocy.

And this cannot continue, as these sums recovered will then mean higher charges/fees to cover the numpties.