Dan Jones  

DB transfers: The year's defining issue

Dan Jones

Dan Jones

But in cases such as British Steel, combining the reforms’ flexibility with a mass of employees forced to make fast, yet hugely consequential, choices about their life savings is a recipe for disaster. 

It’s time to consider stronger controls to prevent firms playing on workers’ fears over the security of their pension. 

These measures should be introduced at source – even if that means altering the reach of the 2015 reforms. Otherwise a handful of unscrupulous advisers will retain their ability to tar the industry’s reputation for years to come.