Pension Transfer definition

Pension Transfer means the transfer of benefits from another pension scheme to your SIPP;
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Pension Transfer means a transaction, resulting from the decision of a retail client who is an individual to require a transfer payment of benefits from a pension scheme to:
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Pension Transfer means a transaction resulting from a decision by an individual to transfer deferred benefits from a final salary occupational pension scheme, or from a money-purchase occupational pension scheme, in favour of an individual pension contract or contracts;
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Examples of Pension Transfer in a sentence

  • IFM ceased providing advice to BSPS customers in December 2017 and, following intervention from the Authority, agreed to cease providing Pension Transfer advice altogether.

  • The Authority considers it appropriate to infer from the prevalence of information gaps within the sample of 18 customer files that for a significant proportion of IFM’s other Pension Transfer customers during the Relevant Period, IFM did not obtain the information necessary to make a Personal Recommendation.

  • In all six files where unsuitable Pension Transfer Advice was given, IFM failed to demonstrate that maximising flexible benefits was in the customer’s best interests.

  • Despite the risk posed by the significant increase in Pension Transfer advice, Mr Hofstetter took no steps to increase the frequency or rigour of its existing oversight mechanisms.

  • Notwithstanding FCA guidance which created a presumption against advising a customer to transfer out of their DBPS, 261 out of 307 (85%), of its Pension Transfer customers were advised by IFM to transfer.

  • Mr Hofstetter was not a qualified Pension Transfer Specialist, which meant that he could not assess the suitability of advice, but Mr Hofstetter failed to undertake any kind of meaningful check on the advice given by Mr Cobill.

  • Mr B was one of four BSPS Pension Transfer customers seen by IFM during a single day, on 19 October 2017.

  • This included establishing and maintaining adequate policies and procedures sufficient to ensure the Firm’s compliance with its obligations under the regulatory system, including compliance with Pension Transfer rules.

  • She was not specifically required by IFM to review the suitability of advice provided and was not, as far as Mr Hofstetter was aware, a Pension Transfer Specialist.

  • The increased volume of Pension Transfer advice inevitably meant a significant increase in workload for everyone involved in giving that advice.


More Definitions of Pension Transfer

Pension Transfer means a transfer payment made in respect of any safeguarded benefits with a view to obtaining a right or entitlement to flexible benefits under another pension scheme.
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Pension Transfer means the transfer of benefits from
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Pension Transfer means the transfer of the Sturmey-Xxxxxx Limited pension scheme to Lenark Limited for an amount equal to 50% of its actuarial value as verified by Xxxxxx Xxxxx, on terms and conditions satisfactory to the Facility Agent and provided that such transfer takes place no later than 31 December 2000;
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Pension Transfer means a transaction resulting from the decision of a retail client who is an individual, to transfer deferred benefits from:
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Pension Transfer has the meaning set forth in Section 8.6(a)(iv)(C) of Schedule 8.6.
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Pension Transfer has the meaning set forth in Section 8.6(a)(iv)(C).
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Related to Pension Transfer

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Type II transfer means that phrase as defined under Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Distribution Transaction means any distribution of equity securities of a Subsidiary of the Company to holders of Common Stock, whether by means of a spin-off, split-off, redemption, reclassification, exchange, stock dividend, share distribution, rights offering or similar transaction.

  • Contribution Notice means a contribution notice issued by the Pensions Regulator under section 38 or section 47 of the Pensions Xxx 0000.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Termination Warning Notice means a notice sent by the Secretary of State to the Academy Trust, stating his intention to terminate this Agreement.

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Relevant Transfer Date means, in relation to a Relevant Transfer, the date upon which the Relevant Transfer takes place;

  • Asset Transfer means a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company.