Change requirement to get advice on transferring DB pension
We think you should only be required to get financial advice on transferring your defined benefit pension if the value of the scheme is more than £100,000. At the moment it is a requirement if the value is more than £30,000.
Signatures
12
signatures
Government response threshold (10,000) · 12/10,000
Debate threshold (100,000) · 12/100,000
- 18 AUG 2025Petition closedFinal total: 12 signatures
- 18 FEB 2025Petition opened for signatures
Background
Fees for advice can be thousands, and many find they are lucky if they can actually find an adviser. We think the Government is denying us freedom of choice regarding our pensions.